Agency
Implied agency in Indiana occurs when:
AA written agency agreement is signed
BAn agent's actions or conduct create a reasonable expectation of representation without a formal agreement✓ Correct
CA broker advertises on behalf of a seller
DA broker presents an offer
Explanation
Implied agency is created by the conduct of the parties rather than a formal written agreement. If an agent acts on behalf of a party and that party reasonably believes they are being represented, an agency relationship may be implied.
Related Indiana Agency Questions
- An Indiana broker who negotiates property management contracts and leases without a real estate license is:
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