Agency
What is 'implied agency' in Delaware real estate?
AAn agency expressly created by a written contract
BAn agency relationship created by the actions and conduct of the parties rather than explicit agreement✓ Correct
CAn agency created automatically when a licensee shows a property
DAn agency relationship that is implied by the MLS terms
Explanation
Implied agency arises from the conduct of the parties — when a licensee's actions lead a party to reasonably believe the licensee is representing them, even without a formal written agreement.
Related Delaware Agency Questions
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:
- An agent who discloses a seller's motivation to sell quickly to a buyer without permission has violated which fiduciary duty?
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- Under Delaware agency law, what duty requires an agent to place the client's interests above their own?
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- What does 'undivided loyalty' mean as a fiduciary duty in Delaware real estate?
- What is the duty of 'disclosure' owed by a Delaware buyer's agent to their client?
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