Agency
When does an Alaska buyer's agency agreement typically terminate?
AOnly when both parties sign a termination form
BUpon the closing of a transaction, expiration of the agreement term, or mutual agreement✓ Correct
CAutomatically after 90 days regardless of terms
DWhen the buyer makes an offer on any property
Explanation
A buyer's agency agreement in Alaska terminates upon successful closing, expiration of the stated term, or by mutual written agreement of the parties.
Related Alaska Agency Questions
- Which of the following BEST describes the duty of 'obedience' in an agency relationship?
- In Alaska, a broker is always the agent for the:
- Under Alaska law, dual agency requires:
- A property manager acting as an agent for a landlord in Alaska owes the tenant:
- A buyer's agent in Alaska has a fiduciary duty to:
- In Alaska, a transaction broker (facilitator) owes which of the following duties?
- When does a seller's listing agency relationship terminate?
- An agent who represents neither the buyer nor the seller but facilitates the transaction is known as a:
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