Agency
Agency by ratification occurs when:
AA broker obtains written consent before acting on behalf of a client
BA principal approves or confirms an unauthorized act performed by an agent✓ Correct
CTwo agents agree to share a commission
DA subagent is appointed by the listing broker
Explanation
Agency by ratification is created when a principal approves or confirms an agent's unauthorized act after the fact, thus creating a retroactive agency relationship.
Related Montana Agency Questions
- A buyer's agent who reveals to the seller that the buyer must purchase a home within 30 days or lose relocation benefits has violated which duty?
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- In Montana, when a listing agent represents the seller and receives an unsolicited offer from an unrepresented buyer, the agent should:
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