Agency
Express agency is created by:
AThe actions and conduct of the parties
BA clear, explicit oral or written agreement creating the agency relationship✓ Correct
CA court order appointing the agent
DLongstanding business relationships
Explanation
Express agency is created by a clear, explicit agreement — either oral or written — between the principal and the agent. In real estate, listing agreements and buyer representation agreements are express written agency agreements.
Related Tennessee Agency Questions
- In Tennessee, an agent who acts beyond the scope of authority granted in the agency agreement is acting as a(n):
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- A Tennessee licensee representing a seller discovers that the seller committed fraud in a previous real estate transaction. The licensee should:
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