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General Principles Of AgencyAgreement TermsEASY

A buyer representation agreement typically has a:

Correct Answer

B) Defined term or expiration date

Buyer representation agreements should have a defined term or expiration date. This protects both parties and ensures the relationship has clear boundaries. The specific duration is negotiable between the buyer and agent.

Answer Options
A
Perpetual term with no end date
B
Defined term or expiration date
C
One-year minimum requirement
D
Lifetime commitment
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Related Topics & Key Terms

Related Topics:

agency-relationshipscontract-formationconsumer-protection

Key Terms:

buyer representation agreementdefined termexpiration datebuyer agencycontract duration
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