Agency
What is an implied agency in Nevada real estate?
AAn agency created by a written contract between the agent and principal
BAn agency created by the conduct and actions of the parties, rather than by express agreement✓ Correct
CAn agency approved by the Nevada Real Estate Division
DAn agency where the principal is unnamed
Explanation
Implied agency arises from the actions and conduct of the parties rather than from a written agreement. If a licensee acts as an agent and the consumer reasonably believes an agency relationship exists, an implied agency may be created.
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