Express Agency refers to a clearly articulated and formally recognized relationship between an agent and a principal, delineated through a written contract or oral agreement. This is in contrast to Implied Agency, which might arise from actions or circumstances rather than explicit communication.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!