Under which of the following circumstances would a listing be terminated?
A. Real estate agent who took the listing dies
B. Seller dies
C. Property is rezoned after listing is signed
D. Listing agent goes to work for another firm
Answer: B. Seller Dies
According to agency law, if either the principal (in this case the seller) or the agent dies, the agency is terminated. However, the "agent" in an agency relationship is the real estate firm, not the individual who took the listing, so the listing is still in effect even if the individual real estate agent dies or moves to another firm.
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