Agency
Implied agency arises when:
AA written agency contract is signed by both parties
BA court appoints an agent for an incapacitated person
CConduct and actions of the parties indicate an agency relationship without a formal agreement✓ Correct
DTREC assigns a licensee to an unrepresented seller
Explanation
Implied agency is created through the actions and conduct of the parties rather than a formal written agreement. In real estate, this can arise when a licensee's behavior leads a consumer to reasonably believe the licensee is their agent.
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