What is one of the principal's key rights in an agency relationship?

One of the principal's key rights in an agency relationship is to terminate the broker's authority. This right is fundamental to agency law, as it ensures that the principal maintains control over the relationship and the authority that has been delegated to the agent (in this case, the broker).

The principal has the ability to revoke the agent's authority at any time, provided it is done in accordance with the terms outlined in their agreement or applicable laws. This right is essential as it protects the principal’s interests, allowing them to take back control if they feel that the agent is not acting in their best interests or if they wish to shift their representation to a different agent. The ability to terminate the broker's authority underscores the importance of trust and control in agency relationships.

This aspect of the agency relationship contrasts with other options, such as guaranteed sales or changing the terms of the agreement unilaterally, which do not typically fall under the principal's rights in a standard real estate agency situation. Limiting disclosure of property information may be a consideration based on privacy preferences, but it does not fundamentally represent a key right in the context of terminating or controlling the agency relationship itself.