Agency
In South Dakota, when does a buyer's agent's authority typically terminate?
AWhen the buyer finds a property they want to make an offer on
BWhen the transaction closes or the buyer representation agreement expires or is cancelled✓ Correct
CWhen the seller accepts the buyer's offer
DAt the expiration of the listing agreement for the property
Explanation
A buyer's agent's authority typically terminates when the transaction closes (fulfilling the agency purpose), when the buyer representation agreement expires, or when the agreement is mutually cancelled.
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