California Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 740

Another term for implied agency is:

Statutory agency

Ostensible agency

Implied agency refers to a situation where an agency relationship between two parties is created through actions rather than an explicit contract or agreement. This often happens when one party allows another to act on their behalf, leading others to reasonably believe that an agency relationship exists. Out of the given choices, only ostensible agency accurately describes this kind of relationship. Statutory agency refers to a relationship established by law, express agency involves an explicit agreement between the parties, and fiduciary agency involves the agent acting in the best interest of the principal. These options do not accurately describe implied agency.

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Express agency

Fiduciary agency

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