Abstract: An exterior mirror assembly for a vehicle includes a mirror head having a mirror housing and a reflective element, which is disposed so as to be adjustable at the mirror housing. The mirror assembly includes a mirror base or mounting base and an actuator for electric inward folding. The mirror assembly includes a sealing element that seals between the mirror head and the mirror base at least when the mirror head is in a use or extended position. When the mirror head is pivoted between the use position and a folded or stowed position, the sealing element is disengaged from the mirror head or the mirror base to allow for reduced friction pivoting of the mirror head relative to the mirror base. The sealing element may be mechanically moved to disengage or may disengage responsive to an electromagnetic element. The mirror assembly may include a light/indicator module.