Which method can terminate a listing agreement?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

The expiration of the listing is a valid method to terminate a listing agreement because every listing has a specified duration, usually outlined in the agreement itself. Once this time period lapses without an extension or renewal, the legal relationship between the broker and the seller automatically comes to an end. This allows the seller to re-evaluate their options or choose to list with another broker without any ongoing obligations from the initial agreement.

The other options, while they may seem relevant, do not fit the typical processes for effectively and automatically terminating a listing agreement. For instance, an amendment to the contract involves making changes to the terms, which may or may not apply to termination directly. Legal action may be necessary in disputes or breaches but typically does not function as a straightforward method for terminating a listing. Buyer withdrawal is also not applicable, as the listing agreement is primarily between the seller and the broker rather than involving a buyer directly in its termination.

Thus, the automatic ending of a listing upon its expiration is a clear and straightforward process recognized within real estate practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy