Agency
Which of the following is an example of an expressed agency relationship?
AA buyer verbally asks an agent to show them homes and the agent does so
BA seller signs a listing agreement with a broker✓ Correct
CA buyer assumes the agent works for them because the agent drove them to showings
DAn agent acts as if they represent a seller without any agreement
Explanation
Expressed agency is created by an explicit, formal agreement — written or oral. A signed listing agreement is the classic example of an expressed (written) agency relationship.
Related Arkansas Agency Questions
- An Arkansas buyer's agent learns that their buyer client is willing to pay up to $250,000 for a property listed at $235,000. The agent:
- Which of the following terminates an agency relationship by operation of law?
- A transaction broker in Arkansas:
- In Arkansas, the agency disclosure form must be:
- Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
- The fiduciary duty of 'loyalty' requires a listing agent to:
- The duty of 'accounting' in agency requires a licensee to:
- The written agency disclosure required by Arkansas law must be provided to:
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