Agency
Ostensible (apparent) agency in real estate most commonly arises when:
AA broker creates a written agency agreement without client signature
BA principal's words or conduct lead a third party to reasonably believe agency exists✓ Correct
CTwo brokers informally agree to share a commission
DA salesperson acts without the employing broker's knowledge
Explanation
Apparent (ostensible) agency arises when a principal's words, conduct, or representations lead a third party to reasonably believe that someone is acting as their agent, even without actual authorization. The principal may be bound by acts within the scope of apparent authority.
Related Alaska Agency Questions
- The fiduciary duty of 'accounting' requires a real estate agent to:
- Under Alaska agency law, ratification of an unauthorized act by an agent occurs when:
- In Alaska, the 'fiduciary duty of loyalty' means an agent will NOT:
- In Alaska, an agent's authority to bind the principal (client) is limited to the scope of the:
- The duty of 'loyalty' in an Alaska agency relationship primarily means:
- Under Alaska law, an agent who represents a buyer in a new construction purchase must disclose their agency status to:
- In Alaska, a 'subagent' is best described as:
- An Alaska listing agent discovers the property has a sinkhole risk due to underground cave formations. The agent should:
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