What happens to the listing agreement if the broker loses his/her license?
a. The seller chooses another broker to handle the listing.
b. The original broker finishes the transaction because he/she was licensed when the agreement was signed.
c. The state real estate licensing agency may choose another broker to close any pending transaction.
d. The listing agreement terminates and the seller must start over with a new broker.
Answer: c. The state real estate licensing agency may choose another broker to close any pending transaction.
You might also like to view...
What is the most frequent type of retirement plan that companies offer to their employees?
A. A defined contribution plan. B. A defined benefit plan. C. A lifetime pension. D. A lump sum payout.
With regard to a breadwinner's death, the blackout period generally can be defined as
A) a time when life insurance is rarely needed B) the period that begins when the youngest child is 16 and ends when the surviving parent turns 60 C) the period during which the children are living at home and are dependent D) the period from the surviving spouse's retirement to his death"