Agency
What is an 'agency coupled with an interest' in Nevada real estate law?
AAn agency that also involves a romantic relationship between parties
BAn agency relationship where the agent has a personal financial interest in the subject matter of the agency, making it irrevocable by the principal✓ Correct
CAn agency that is coupled with a dual agency arrangement
DAn agency where the agent has an interest in the commission only
Explanation
An agency coupled with an interest exists when the agent has a financial interest in the subject matter of the agency (not just the commission). Because the agent's own rights are at stake, the principal cannot revoke the agency without the agent's consent. This is rare in standard Nevada real estate practice.
Related Nevada Agency Questions
- What is a Nevada seller's agent required to disclose to a buyer about a property?
- What is the difference between express authority and implied authority in Nevada agency law?
- When does an agency relationship in Nevada typically terminate?
- In Nevada, a real estate licensee acting as a transaction broker (non-agent) owes which level of duty to each party?
- A buyer's broker agreement in Nevada:
- When does a Nevada agency relationship typically terminate?
- What is a 'ready, willing, and able' buyer in Nevada real estate?
- What does the term 'ratification' mean in the context of Nevada agency law?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →