Implied agency

National Real Estate Exam Glossary

An agency relationship created not by an express agreement but by the conduct of the parties, where one acts on another's behalf and that other accepts the benefit. Because it carries the same fiduciary duties as express agency, an agent can incur full obligations to a party simply by behaving as that party's representative—a frequent and costly trap.

Sign up free — get all 187 National Real Estate Exam terms, flashcards & rank tracking →

More National Real Estate Exam terms

KomFi Academy — Stop doomscrolling. Get KomFi.

Turn wasted screen time into verifiable competence.

KomFi Academy is a curated training platform with 70,000+ practice questions, 26,500+ flashcards, on-demand video lectures, podcasts, and 4K slide decks across the topics serious professionals study: GMAT, LSAT, MCAT, SAT, Investment Banking, Private Equity (LBOs & PE math), Private Credit, Quantitative Finance, Financial Accounting, Asset- Backed Securities, Volume Profile Analysis, Order Flow Trading, Market Microstructure, Volume Spread Analysis, Elliott Wave Theory, Volume-Price Analysis, and Public Offering Frameworks.

What's inside

Topics

View pricing · Read testimonials