Agency
When does an agency relationship typically terminate in a real estate transaction?
AWhen an offer is submitted
BUpon closing and completion of the transaction✓ Correct
CWhen the listing agreement expires
DWhen the buyer's loan is approved
Explanation
An agency relationship typically terminates upon the successful closing and completion of the transaction, which fulfills the purpose of the agency. It can also terminate by expiration, mutual agreement, or death of a party.
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