Agency
When does an agency relationship with a seller typically terminate?
AWhen the property goes under contract
BWhen the listing agreement expires or the transaction closes✓ Correct
CWhen the seller receives an offer
DWhen the buyer completes their inspection
Explanation
An agency relationship with a seller normally terminates when the listing agreement expires, is cancelled, or when the transaction successfully closes.
Related Arkansas Agency Questions
- An agent's duty to disclose requires the agent to share all information that is:
- Which of the following best describes an 'arm's-length transaction'?
- What distinguishes an 'express' agency from an 'implied' agency?
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- In Arkansas, dual agency occurs when a broker represents:
- In Arkansas, which written document typically establishes the seller's agency relationship with a listing broker?
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