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The listing agreement was terminated automatically when the seller died.

Choose:
A. True
B. False

User Rome
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1 Answer

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Final answer:

The statement that a listing agreement is automatically terminated upon the death of the seller is false; the outcome depends on the specifics of the agreement and the applicable law.

Step-by-step explanation:

It is false that the listing agreement was terminated automatically when the seller died. In the realm of real estate, a listing agreement is a contract between a property owner and a real estate broker, authorizing the broker to act as the agent for the sale of the owner's property. However, the continuity of this agreement upon the death of the seller depends on the terms of the agreement and the law applicable to the jurisdiction.


Generally, the death of the seller could terminate the listing agreement, but this isn't automatic and may instead prompt different legal procedures depending on whether the agreement was a personal services contract or had provisions for succession or assignment. For a definitive answer, one must consult the specific terms of the agreement and relevant local laws.

User Rado Buransky
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