Implied agency is an agency relationship established through the conduct, behavior, or circumstances of the involved parties, rather than through explicit agreement or written contract.
Representation in real estate refers to the professional assistance or fiduciary advocacy provided in a transaction or negotiation. It ensures that parties are guided and protected in complex real estate dealings.
A special agent is an individual authorized to act on behalf of another person in a restricted capacity, often for specific tasks or responsibilities. This limited authority distinguishes the special agent from other types of agents like universal agents, who have broad powers.
An undisclosed agency relationship occurs when a client is unaware that their agent has a duty to represent the other party in a transaction. This often leads to implied agency where the client believes the agent is working solely for their benefit.
