Agency
An agent who has NOT been hired by a buyer but nonetheless acts in ways that create a reasonable belief of representation is an example of:
AExpress agency
BImplied agency✓ Correct
CDual agency
DDisclosed agency
Explanation
Implied agency arises from the conduct of the parties, not from an express agreement. If an agent acts in ways that lead a buyer to reasonably believe they are being represented, an implied agency relationship may be created.
Related Arkansas Agency Questions
- In a traditional seller agency relationship, the licensee's fiduciary duties run primarily to:
- A listing agent owes fiduciary duties to the:
- The term 'fiduciary' in real estate agency means the agent:
- A subagent is best described as:
- Which of the following is a material fact that a listing agent MUST disclose?
- The written agency disclosure required by Arkansas law must be provided to:
- The seller's agent discovers that the home has a leaking roof the seller did not disclose. The agent should:
- Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
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