Agency
In Tennessee, an 'express agency' is created when:
AThe agent acts without the principal's knowledge
BThe principal and agent explicitly agree — orally or in writing — to create the agency relationship✓ Correct
CA court orders the agency relationship
DThe agent's actions lead others to believe an agency exists
Explanation
An express agency is one that is explicitly created by agreement — either oral or written — between the principal and agent. This is the most common type of real estate agency.
Related Tennessee Agency Questions
- In Tennessee, a 'designated agency' arrangement means:
- A Tennessee listing agreement that describes the property incorrectly could result in:
- In Tennessee, a 'dual agency' arrangement requires the informed consent of:
- In Tennessee, the agency disclosure form must be provided to a prospective buyer or seller:
- In Tennessee, an agent's duty of 'obedience' to the client means the agent must:
- In Tennessee, the duty of 'confidentiality' in an agency relationship means the agent must:
- Under Tennessee license law, which conduct would constitute 'commingling'?
- In Tennessee, an agent who 'puffs' a property by saying 'This is the best neighborhood in Knoxville!' is making a statement that is:
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