What is required for a client to terminate their agreement with a broker?

For a client to terminate their agreement with a broker, a notice period of seven days is required. This provision is designed to ensure that both parties have time to make necessary arrangements before the termination becomes effective. It helps in maintaining professional integrity and provides a reasonable timeframe for brokers to respond to the termination and finalize any outstanding matters.

Understanding this requirement is crucial for both brokers and clients as it establishes a clear guideline for managing the end of an agreement while minimizing potential disruptions. This structured notice period also provides the client with a protective measure, allowing them to reflect on their decision while giving the broker an opportunity to address any concerns that may lead to the decision to terminate.