Agency
When does a Pennsylvania buyer's agency agreement typically terminate?
AWhen the buyer makes an offer on a property
BUpon the expiration date specified in the agreement or upon closing of a transaction✓ Correct
CWhen the buyer signs an Agreement of Sale
D90 days after the agreement is signed, regardless of any specified term
Explanation
A Pennsylvania buyer agency agreement terminates upon the expiration date specified in the contract or upon the successful closing of a real estate transaction, whichever occurs first. The agreement may also be terminated by mutual consent of the parties. Licensees should ensure the expiration date is clearly specified to avoid disputes about the duration of representation.
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