Virginia State Real Estate Exam Practice Question
Agency may be terminated at any time by
Correct Answer: D
Rationale: Agency relationships can be terminated at any time through mutual agreement, allowing both parties to end their obligations willingly. This fosters a collaborative environment where both agents and principals can reassess their needs.
Option A, discovery of a major defect, may lead to termination but is not a guaranteed cause. Option B, payment of a cancellation fee, is often a contractual stipulation rather than a universal rule for termination. Option C, disclosure of a conflict, may necessitate reevaluation of the agency but does not inherently terminate the relationship without mutual consent. Thus, mutual agreement remains the most definitive method for termination.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now