Agency
When does an agency relationship in Arizona typically terminate?
AOnly when the agent withdraws from representing the client
BUpon completion of the transaction, expiration of the agency agreement, or mutual agreement to terminate✓ Correct
CWhen the client stops responding to the agent's communications
DOne year after the agency agreement is signed
Explanation
An agency relationship terminates upon the occurrence of events such as: completion of the transaction, expiration of the agreement, mutual consent, destruction of the property, death of either party, or bankruptcy.
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