Noah Cook signs a written buyer-representation agreement appointing Daniel Chen to locate and negotiate the purchase of a home. How was this agency relationship created?
Correct Answer
D) Express agency
Express agency is correct because the facts match an agency relationship created by an explicit oral or written agreement between principal and agent. That is the best description of the relationship, right, or legal concept tested here.
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A listed cabin is destroyed by fire before a sale can occur. The listing broker was hired only to market that cabin. What event may terminate the agency?
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For months, Sofia Turner has negotiated on Olivia Bell's behalf, and Olivia Bell has knowingly allowed others to believe Sofia Turner is acting as the representative even though nothing was signed. How could an agency relationship be found?