Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

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When a seller revokes their given authority to a brokerage suddenly, this exemplifies:

  1. Termination by nullification.

  2. Termination by mutual consent.

  3. Termination by constructive cancellation.

  4. Termination by renunciation.

  5. Termination by frustration.

  6. Termination by performance.

The correct answer is: Termination by mutual consent.

When a seller revokes their given authority to a brokerage suddenly, it exemplifies "Termination by mutual consent" (Option B). In this situation, both the seller and the brokerage agree to terminate their relationship, leading to the mutual consent to end the agreement. This termination is not due to nullification, constructive cancellation, renunciation, frustration, or performance, but rather the result of both parties agreeing to end the business arrangement.

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