Agency
Agency by ratification occurs when:
AA buyer signs a written buyer representation agreement
BA principal retroactively approves unauthorized acts of an agent✓ Correct
CA seller accepts a listing agreement
DAn agent acts on behalf of a client in an emergency
Explanation
Agency by ratification is created when a principal retroactively accepts or approves the unauthorized acts of a person who acted as their agent without prior authority. The principal's approval after the fact creates the agency relationship.
Related Oklahoma Agency Questions
- Oklahoma law allows a broker to act as an intermediary (transaction broker) provided:
- In Oklahoma, when an agent knows the property has been tested for radon and the results were elevated, the agent:
- Oklahoma's law requires that the OREC agency disclosure form be signed by:
- An agent's duty of 'obedience' to a client means:
- In Oklahoma, which statement about a buyer's representation agreement is TRUE?
- Under Oklahoma's agency law, a licensee has a duty of 'skill, care, and diligence' that requires:
- The fiduciary duty of 'accounting' requires an Oklahoma agent to:
- In Oklahoma, when a buyer's agent writes an offer on behalf of the buyer, who is the agent's client?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →