Agency
An agency relationship in Indiana is most commonly created by:
AThe buyer simply touring homes with an agent
BA written listing agreement or buyer representation agreement✓ Correct
CThe agent placing a for-sale sign in the yard
DVerbal agreement between the agent and the consumer
Explanation
Agency is most reliably created through a written agreement — either a listing agreement (seller's agency) or a buyer representation agreement (buyer's agency). Verbal agreements can create agency but are difficult to enforce.
Related Indiana Agency Questions
- In Indiana, a broker representing a buyer in a 'pocket listing' (off-market) transaction owes which additional duty?
- A net listing is a type of listing agreement in which:
- Indiana's agency law provides that an agent must avoid:
- A transaction broker in Indiana owes which level of duty to the parties?
- Constructive fraud in an Indiana real estate transaction occurs when:
- When a seller's agent learns that the buyer's lender has pre-approved the buyer for significantly more than the offer price, the agent should:
- Express agency is created by:
- Indiana's definition of 'substantive contact' that triggers the agency disclosure requirement includes:
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