Agency
When does an agency relationship in Nevada typically terminate?
AWhen the property is listed on the MLS
BUpon completion of the purpose for which the agency was created, or by mutual agreement✓ Correct
CAutomatically after 30 days
DWhen the agent takes a vacation
Explanation
An agency relationship terminates upon performance (completion of the transaction), expiration of the agreement, mutual consent, revocation by the principal, renunciation by the agent, death or incapacity of either party, or destruction of the property.
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