Agency
In New Mexico, which of the following best describes 'implied agency'?
AAgency created by written contract
BAgency created by the parties' conduct and actions rather than by express agreement✓ Correct
CAgency created by court order
DAgency created through the MLS system
Explanation
Implied agency arises from the parties' actions and conduct — for example, if a buyer regularly consults a licensee for advice and the licensee acts in a protective capacity, an agency relationship may be implied even without a written agreement.
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