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TERMINATION OF BUYER AGENCY (C.A.R. Form TBA, 10/04)1. PARTIES AND PROPERTY: A. (Buyer) has entered into written or oral agreement with (Broker) for the purpose of locating and acquiring real property,

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What is termination of buyer agency?

Termination of buyer agency refers to the process of ending the contractual relationship between a buyer and their real estate agent. It typically occurs when the buyer finds a suitable property, decides to work with a different agent, or no longer wishes to proceed with purchasing a property.

Who is required to file termination of buyer agency?

The buyer or the buyer's legal representative is generally responsible for filing the termination of buyer agency. It is important to consult the terms of the buyer agency agreement to determine any specific requirements or procedures.

How to fill out termination of buyer agency?

To fill out a termination of buyer agency, you typically need to provide your name, contact information, the date of termination, and a brief explanation for terminating the agreement. It is advisable to consult with an attorney or the specific buyer agency agreement for any additional requirements or legal considerations.

What is the purpose of termination of buyer agency?

The purpose of termination of buyer agency is to formally end the legal relationship between a buyer and their agent. It allows both parties to move on and pursue alternative arrangements without any obligations or liabilities towards each other.

What information must be reported on termination of buyer agency?

The required information for termination of buyer agency commonly includes the buyer's name, contact details, the date of termination, and a brief explanation for terminating the agreement. However, specific requirements may vary based on the terms of the buyer agency agreement.

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