Agency
What is an 'implied agency' in Delaware real estate?
AAn agency relationship created by a written agreement signed by both parties
BAn agency relationship created by the conduct and actions of the parties rather than a written agreement — the agent acts as if representing a party and that party relies on it✓ Correct
CA government-regulated agency agreement for first-time homebuyers
DAn agency relationship created by court order
Explanation
Implied agency arises from the conduct and actions of the parties — even without a written agreement — when an agent acts on behalf of a person and that person relies on the agent's representation. Delaware licensees should be careful that their conduct does not inadvertently create implied agency relationships.
Related Delaware Agency Questions
- Which of the following best describes a 'buyer representation agreement' in Delaware?
- What is the duty of 'reasonable care and diligence' in a Delaware agency relationship?
- What is a 'listing presentation' in Delaware real estate?
- What is a 'net listing' and why do most Delaware experts caution against them?
- What is 'subagency' in real estate?
- What is a 'fiduciary' and what makes the real estate agency relationship a fiduciary relationship in Delaware?
- What is the concept of 'non-agency' or 'transaction broker' in Delaware?
- Under Delaware agency law, which duty does an agent owe ONLY to their client (not to customers)?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →