Agency
In Utah, the agency relationship between a broker and client is most effectively created by:
AThe first showing of a property
BA written agency agreement (listing or buyer representation agreement)✓ Correct
CThe verbal promise of the agent to represent the client
DPayment of earnest money
Explanation
While agency can be created by express or implied agreement, the most effective and protective way to establish an agency relationship in Utah is through a written agency agreement that clearly defines the duties and compensation.
Related Utah Agency Questions
- The duty of 'disclosure' in a Utah agency relationship requires an agent to:
- When a Utah licensee provides real estate services without a written agency agreement, the agency relationship that may be implied is called:
- An open listing agreement in Utah allows:
- In Utah, 'implied agency' may be created when:
- In Utah, a buyer's agent owes which of the following duties to the seller?
- An agent's duty of confidentiality in Utah survives the termination of the agency relationship, meaning:
- Under Utah law, which form must be presented to a buyer or seller before any substantive discussion of real estate?
- In Utah, an agent who fails to disclose a known material defect in a property may be liable for:
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