Agency
When does a buyer's agency agreement typically terminate in Michigan?
AWhen the buyer finds a property they like
BUpon the agreed expiration date or successful closing of a transaction✓ Correct
CAfter the first property showing
DWhen the seller accepts an offer
Explanation
A buyer's agency agreement terminates on the agreed expiration date stated in the contract, upon successful closing of a covered transaction, or by mutual agreement between buyer and broker.
Related Michigan Agency Questions
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- In Michigan, when does an agency relationship most commonly begin between a buyer and a real estate agent?
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