Agency
When does a California agency relationship typically terminate in a residential sale?
AWhen the listing agreement expires
BWhen the buyer submits an offer
CUpon the close of escrow when the transaction is completed✓ Correct
DAfter the agent's final walkthrough of the property
Explanation
The agency relationship in a residential transaction generally terminates upon the close of escrow, when the transaction is fully performed. However, certain duties — such as confidentiality — survive the closing under California law.
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