Real Estate Exam [National] 60, Termination of Agency Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Agency ends automatically upon the death of the principal broker or the client but not the individual salesperson. • The duty of confidentiality is the only fiduciary duty that survives the termination of the agency relationship forever. • Unilateral termination like revocation or renunciation can occur but may result in a breach of contract lawsuit. • Property destruction or bankruptcy terminates an agency relationship immediately through the operation of law. • Every listing must have a definite expiration date and agency terminates automatically once that date is reached. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep