Agency
An implied agency in Missouri can be created by:
AA written listing agreement
BWords or conduct that lead a party to reasonably believe an agency relationship exists✓ Correct
CA verbal agreement only
DOnly a signed buyer representation agreement
Explanation
Implied agency arises from the words or conduct of the parties, even without a formal written agreement. If an agent acts on behalf of a person and that person reasonably believes an agency exists, it may be legally implied.
Related Missouri Agency Questions
- Which Missouri document formalizes the buyer-agent relationship and specifies compensation?
- A Missouri real estate team leader assigns buyers to individual team members. The team leader/listing agent's duties to those buyers are governed by:
- In Missouri, when a buyer's agent and listing agent are from the same brokerage, and the brokerage does NOT use designated agency, the result is typically:
- When a Missouri buyer's agent refers a client to a specific home inspector, lender, or title company for compensation, the agent must:
- In Missouri, an agent has a duty of 'obedience' to their client. This means the agent must:
- Under Missouri agency law, a designated agent is:
- A subagent in Missouri is:
- A Missouri agent who negotiates for their own account to buy a property they are listing must:
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