What is one way that buyer agency can be terminated?

The correct approach to terminating a buyer agency is through expiration when a specific date is stipulated in the agreement. Every buyer agency agreement typically has a defined term, which specifies how long the agent will represent the buyer. Once that term expires, the agency relationship is automatically terminated unless it has been renewed or extended by mutual consent. This aspect emphasizes the importance of having clear terms in the agency agreement, which provides both parties with clarity regarding the duration of their professional relationship.

The other options do not accurately reflect standard practices in terminating buyer agency. For example, changes in commission rates or property values do not inherently affect the status of the buyer agency agreement, and mutual agreement for termination, while possible, is not the only means of ending the relationship. Therefore, expiration based on a specific date is a fundamental and explicit way to bring a buyer agency to a close.