Real estate listing agreement was terminated

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Reference no: EM131156412

The court held that yes, the real estate listing agreement was terminated when the Hagues sent the termination letter to Hilgendorf, the real estate agent, prior to the expiration of the listing agreement. Since an agency is a consensual relationship, a principal has the power to terminate an agency although the contract is for a period that has not yet expired. The agent’s authority to bind the principal ceases. Thus, the Hagues had the power to terminate the exclusive listing agreement with Hilgendorf. Using a minimum of three sentences a) Do you agree with the court's ruling? b) Why or why not?

Reference no: EM131156412

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