76. An owner lists a property with a broker through an associate broker. The agency relationship and listing would continue even if the
Answer: A
The agency relationship and listing would continue even if the associate broker dies.
The agency relationship and listing would remain intact in the event of the associate broker's death because the employing broker retains the overall responsibility and authority in the agency relationship.
A) Associate broker dies.
This option is correct because the death of the associate broker does not terminate the listing agreement or the agency relationship. The employing broker can assign another associate broker to manage the listing, ensuring continuity in the agency relationship.
B) Employing broker dies.
This option is incorrect as the death of the employing broker typically terminates the agency relationship, as the employing broker is the one who holds the license and legally represents the agency.
C) Property is destroyed by fire.
This option is incorrect because the destruction of the property does not automatically terminate the agency relationship or the listing agreement. However, it may impact the terms and conditions of the listing.
D) Owner is declared mentally incompetent.
This option is also incorrect because if the owner is declared mentally incompetent, the agency relationship is generally terminated. The legal capacity of the owner to enter into contracts is essential for the validity of the agreement.
Conclusion
In summary, the correct answer highlights that the agency relationship remains valid even if the associate broker dies, primarily because the employing broker is responsible for overseeing the listings. Other options fail because they either lead to the termination of the agency relationship or do not impact the validity of the listing agreement.