Agency
Which of the following best describes 'express agency' in Rhode Island real estate?
AAgency created through the actions of the parties without a written agreement
BAgency created by an oral or written agreement between principal and agent✓ Correct
CAgency required by Rhode Island statute
DAgency arising when a buyer makes an offer
Explanation
Express agency is created through an oral or written agreement in which both parties explicitly agree to the agency relationship. A listing agreement or buyer agency agreement are examples of express agency.
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