Agency
What is the difference between express and implied agency?
AExpress agency is verbal; implied agency is written
BExpress agency is created by written or oral agreement; implied agency arises from conduct✓ Correct
CExpress agency requires compensation; implied agency does not
DThey have no meaningful difference
Explanation
Express agency is created by explicit written or oral agreement (like a listing contract). Implied agency arises from the parties' conduct and actions, without a formal agreement.
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