Final answer:
A buyer agency agreement can be terminated if the seller fails to provide a property disclosure statement, the buyer switches to a different real estate agent, either party breaches the contract, or the buyer changes their mind about purchasing the property. Option a) is correct.
Step-by-step explanation:
The termination of a buyer agency agreement encompasses several scenarios. Primarily, if the seller neglects to furnish a property disclosure statement, the buyer holds the prerogative to terminate the agreement. Secondly, should the buyer opt to engage a different real estate agent during the course of the transaction, termination of the existing agreement becomes viable. A third circumstance facilitating termination arises when either party breaches the contractual terms, providing grounds for dissolution.
Notably, termination is not solely contingent upon actions external to the agreement; internal decisions by the buyer also play a pivotal role. If the buyer undergoes a change of heart regarding the intended property purchase, they retain the option to terminate the agreement. This flexibility acknowledges the dynamic nature of real estate decisions and caters to the buyer's evolving preferences.
In essence, the buyer agency agreement delineates a structured relationship between the parties involved, yet it incorporates provisions for dissolution under various circumstances. Whether triggered by the absence of essential information, a shift in representation, contractual breaches, or a change in the buyer's stance, these termination avenues underscore the importance of flexibility and transparency in real estate transactions.