Question

Which of the following would permit an owner to cancel a brokerage relationship?

a) Death of the broker or the destruction of the property.
b) Lack of diligence by the broker in procuring a buyer.
c) Refusal of the broker to reduce the listed price.
d) All of the above.

Answer 1

The owner can cancel a brokerage relationship in case of death of the broker, destruction of the property, lack of diligence in procuring a buyer, or refusal to reduce the listed price.

Step-by-step explanation:

The owner can cancel a brokerage relationship in several situations:

1. If the broker dies or if the property is destroyed, the owner can cancel the relationship.
2. If the broker fails to diligently work towards finding a buyer for the property, the owner can cancel the relationship.
3. If the broker refuses to reduce the listed price as requested by the owner, the owner can cancel the relationship.

In all of these cases, the owner has the right to cancel the brokerage relationship. It is important to note that cancellation procedures may vary depending on the terms outlined in the brokerage agreement.