Agency
Agency by ratification occurs when:
AThe principal signs a formal agency agreement
BThe agent is appointed by a court
CThe principal accepts the benefits of an agent's unauthorized acts after the fact✓ Correct
DTwo brokers form a co-listing agreement
Explanation
Agency by ratification is created when a principal accepts the benefits of, or approves, an agent's unauthorized acts after they occur. By ratifying the action, the principal becomes bound as if they had authorized it from the beginning.
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