What happens if the buyer agency agreement does not specify an expiration date?

If a buyer agency agreement does not specify an expiration date, it can be interpreted as being open-ended. This means the agreement will remain in effect until the parties involved reach a mutual agreement to terminate it or amend its terms. In such cases, since there isn't a specified timeline, the duration of the agreement may continue indefinitely until one of the parties decides to act, ensuring that the buyer's representation persists until they either close on a property or formally end the agreement.

In contrast to this understanding, agreements that specify an expiration date have clear expectations for both the buyer and the agent. Thus, when an agreement is silent on expiration, it creates the potential for an ongoing relationship that could last until the buyer decides to end it or their objectives have been fulfilled.