Agency
In Colorado, 'implied agency' arises when:
AAn agency relationship is created by express written agreement
BA broker's actions and conduct create a reasonable belief of representation without a formal agreement✓ Correct
CA broker is appointed by a court to represent a party
DBoth parties agree to a transaction broker relationship
Explanation
Implied agency arises from the conduct and behavior of the parties rather than from an express written or verbal agreement. If a broker acts as an agent and a person reasonably believes they are being represented, an implied agency may exist.
Related Colorado Agency Questions
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