Agency
A Maine buyer's agent signs a buyer agency agreement for 90 days. Before the agreement expires, the buyer's agent is diagnosed with a terminal illness. The agency relationship is:
AUnaffected — agents can designate successors
BTerminated automatically upon the incapacity or death of the agent✓ Correct
CTransferred automatically to the designated broker
DSuspended for 30 days then reinstated
Explanation
The death or incapacity of an agent automatically terminates the agency relationship. The buyer would need to enter into a new agency agreement with another agent.
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