Agency
Which of the following is an example of implied agency?
AA signed buyer's agency agreement
BAn agent acting as though they represent a buyer without a formal agreement, and the buyer reasonably relying on that conduct✓ Correct
CA written exclusive listing agreement
DA power of attorney granting real estate authority
Explanation
Implied agency arises from the parties' conduct rather than an express agreement. If an agent acts as though they represent a buyer and the buyer reasonably relies on that relationship, an implied agency may be created even without a written agreement.
Related Iowa Agency Questions
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