Which of the following methods can be used to create express agency?

Which of the following methods can be used to create express agency?

• A. Written agreement only
• B. Oral agreement only
• C. Written or oral agreement
• D. Actions of the parties only

Answer: (C)

The correct approach to creating express agency involves both written and oral agreements, which means that either form can effectively establish the agency relationship, provided that the intent to create the agency is evident. An express agency is a relationship where the terms and conditions of the agency are clearly communicated and agreed upon by the parties involved. When an agency is formed through a written agreement, it provides a solid foundation and can serve as a legal document outlining the duties and responsibilities of each party, along with the specific terms of the agreement. On the other hand, an oral agreement can also be valid if both parties clearly understand and agree to the terms of engagement. This flexibility can accommodate various situations in real estate transactions where formalities may differ. By recognizing that either written or oral agreements can form express agency, the method allows parties to choose the most appropriate approach for their circumstances, making it a practical aspect of agency relationships in real estate. Establishing this type of agency ensures that both the principal and agent have a mutual understanding, leading to a more effective working relationship.

The correct approach to creating express agency involves both written and oral agreements, which means that either form can effectively establish the agency relationship, provided that the intent to create the agency is evident. An express agency is a relationship where the terms and conditions of the agency are clearly communicated and agreed upon by the parties involved.

When an agency is formed through a written agreement, it provides a solid foundation and can serve as a legal document outlining the duties and responsibilities of each party, along with the specific terms of the agreement. On the other hand, an oral agreement can also be valid if both parties clearly understand and agree to the terms of engagement. This flexibility can accommodate various situations in real estate transactions where formalities may differ.

By recognizing that either written or oral agreements can form express agency, the method allows parties to choose the most appropriate approach for their circumstances, making it a practical aspect of agency relationships in real estate. Establishing this type of agency ensures that both the principal and agent have a mutual understanding, leading to a more effective working relationship.