Agency
Which type of agency relationship is created when a buyer signs a buyer representation agreement with a broker?
AImplied agency
BExpress agency✓ Correct
COstensible agency
DAgency by estoppel
Explanation
An express agency relationship is formally established through a written agreement, such as a buyer representation agreement, clearly stating the terms of the agency.
Related Arkansas Agency Questions
- In a transaction brokerage arrangement, the real estate agent:
- A buyer's agent who also receives a fee from the seller without the buyer's knowledge is:
- In Arkansas, the agency disclosure form must be:
- Which of the following best describes a subagent?
- Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
- A subagent in a real estate transaction owes primary fiduciary duties to:
- A listing agent learns that the seller plans to accept any offer above $180,000, though the property is listed at $220,000. The listing agent:
- The written agency disclosure required by Arkansas law must be provided to:
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