Agency
In Colorado, which of the following would create an 'implied agency' relationship?
AA. A written buyer broker agreement
BB. A broker's actions and conduct that lead a party to reasonably believe the broker represents them, even without a written agreement✓ Correct
CC. A verbal promise to pay a commission
DD. A broker's license
Explanation
An implied agency arises from the conduct of the parties rather than an express written agreement. If a broker acts in ways that lead a buyer to reasonably believe they are being represented (answering negotiation questions, providing confidential advice), an implied agency may be created. Colorado discourages this through the required BRRET disclosure.
Related Colorado Agency Questions
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