Agency
Under Minnesota law, when does a buyer representation agreement typically terminate?
AOnly when the buyer purchases a property
BAt the expiration date specified in the agreement, upon completion of a purchase, or by mutual agreement✓ Correct
CAfter 90 days automatically regardless of terms
DWhen the buyer views 10 properties
Explanation
A buyer representation agreement in Minnesota typically terminates at the expiration date specified in the agreement, when the buyer successfully purchases a property (the purpose is fulfilled), or when both parties mutually agree to terminate. Either party may also have termination rights as specified in the agreement. Proper termination protects both the buyer and the agent's commission rights.
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