Under Virginia law, which of the following is NOT a recognized type of agency relationship that a Virginia licensee may enter into with a client?
Correct Answer
D) Implied agency created by conduct without a written agreement
Virginia law (Va. Code § 54.1-2130 and 18 VAC 135-20-310) requires that all brokerage relationships be established through a written brokerage agreement. Implied agency — created merely by conduct or verbal agreement without a written contract — is NOT a recognized or legally valid form of agency in Virginia for licensed real estate professionals. Virginia's written agreement requirement eliminates the concept of implied agency in the real estate context.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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