Question 83

The agency relationship and listing would continue even if the associate broker dies.

The agency relationship and listing would remain in effect even if the associate broker dies, as the relationship is primarily between the property owner and the employing broker.

A) Associate broker dies.

This option is correct because the death of the associate broker does not terminate the agency relationship. The employing broker can continue to represent the owner, ensuring that the listing remains active.

B) Employing broker dies.

This option is incorrect since the death of the employing broker would typically terminate the agency relationship. The owner would need to establish a new relationship with a different broker to continue the listing.

C) Property is destroyed by fire.

This option is incorrect because the destruction of the property does not necessarily terminate the agency relationship. However, the listing may become irrelevant if the property cannot be sold or rented.

D) Owner is declared mentally incompetent.

This option is incorrect since if the owner is declared mentally incompetent, the agency relationship may be terminated. The ability to enter into contracts is essential for maintaining the listing, and such a declaration would affect the owner's legal capacity.

Conclusion

In summary, the correct answer highlights that the death of the associate broker does not impact the ongoing agency relationship since it is the employing broker who holds the primary responsibility. In contrast, the other options involve circumstances that either terminate or significantly alter the agency relationship, thus failing to meet the conditions of the question.