Agency
What is the difference between expressed and implied agency in Alaska?
AExpressed agency is created in writing; implied agency is illegal in Alaska
BExpressed agency is created through explicit agreement; implied agency arises from the conduct of the parties✓ Correct
CImplied agency requires a court order; expressed agency does not
DExpressed agency applies only to commercial property
Explanation
Expressed agency is formed by explicit oral or written agreement. Implied agency arises from the conduct, actions, and circumstances of the parties even without a formal agreement — which can unintentionally create agency obligations.
Related Alaska Agency Questions
- Alaska law requires that agency disclosure be made:
- An Alaska buyer's agent owes which of the following duties to the buyer-client?
- A listing expires without a sale. Three weeks later, the seller accepts an offer from a buyer who was shown the property by the original agent during the listing period. Under most Alaska listing agreements, the seller may owe a commission if:
- In Alaska, designated agency means:
- An Alaska listing agent learns from the seller that the well occasionally runs dry in summer. The agent must:
- Under Alaska law, when must a licensee provide the agency disclosure?
- In Alaska, a designated agency arrangement means:
- Ratification in agency law means:
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