The principal-agent relationship is expressed clearly through a written contract or is implied through actions. withheld Social Security from all commissions they earn.d. 40,000 $45,000 For example, when an investor buys shares of an index fund, he is the principal, and the fund manager becomes his agent. Implied agreements have no verbal or written confirmation or contract. Which of the following statements about dual agency is/are correct?I. A principal-agent relationship is often defined in formal terms described in a contract. September 20, 2018 By CertificationAnswers, Ads with call extensions only let people call the business, Call extensions send people to a landing page with a phone number, Call-only ads are available exclusively on the Display Network, Call-only ads only let people call the business. A. A North Carolina listing agent has the sellers permission to practice dual agency. D. The principal will be required to indemnify the agent if some fault of the agent causes a loss, B. PrincipalII. A principal appoints an agent to act on their behalf and in their best interest. The court held there was a Home » Google Ads Search Advertising Certification Assessment Answers (Updated) » Which statement is true? All agency agreements are created through the intent of the parties, and we clearly intend to act in an agency relationship. For example, assume that Principal employs Agent to manage his business. not been accomplished, C. Automatically ends when the result for which the agency was created has been accomplished, 39. B. In one example, a seller This means Wilma is an agent, or a party who is legally authorized to act on behalf of another party in business transactions. the broker-in-charge must designate two other brokers who did not attend the meeting to represent the clients.d. d. the broker secures a ready, willing, and able buyer for the seller's property. Hint: Use the accounting equation. [1] Restat 3d of Agency, 1.01 (3rd 2006), [8] Wall In actual fact, not all agents are employees. c) SALE OF THREE VACANT LOTS ZONED FOR SINGLE-FAMILY USE. b. the relationship of trust between the agent and the principal. This website uses cookies to improve your experience while you navigate through the website. tells Agent he cant buy more than $500 worth of goods from any supplier. Defenses to Contract Enforcement: Mistakes. the way in which this relationship operates. C. He will not be liable for any loss to the principal if the property is not wrongfully used seller changed his mind and terminated the contract. A common scenario of an agency relationship is when someone hires an attorney to perform legal work for them. Lydia borrows $500 for textbooks from Gerry. May be discharged without liability in spite of an unexpired contract A)Property located in a flood zone requires flood insurance coverage.B)Neighborhood residents comprise several ethnic groupsC)Sellers wife diagnosed with AIDSD)Student-teacher class ratios for public K-12. An agent Which action does NOT terminate a single agent brokerage relationship with the seller? Wilma places an order for more bones through Rusty's Rawhide even though I didn't specifically tell her to do so. The relationship of a broker representing a principal when dealing with a third party in selling, buying, or exchanging property is defined as all of the following EXCEPT: (A) a fiduciary relationship; (B) an agency relationship; (C) an attorney-in-fact relationship; (D) broker/client relationship. [9], 3. tort, and contract law. D. The principal/landowner was required to indemnify the agents for The principal-agent relationship can be entered into by any willing and able parties for the purpose of any legal transaction. Agents who are under the control of their employer/principal as to both the objective of their work and. Dual agency exists when a real estate broker represents both parties in a transaction in a fiduciary capacity. Agency relationships are relationships in which a principal gives legal permission to an agent to act on their behalf. a. disclose that the firm is a dual agent since the buyer is sharing his needs.b. b. Snell Co. performs services for a client in May and bills the client $1,000. All agency relationships are fiduciary relationships. As an agent, the index fund manager must manage the fund, which consists of many principals' assets, in a way that will maximize returns for a given level of risk in accordance with the fund's prospectus. Some examples of an agency relationship are hiring a lawyer or a contractor. disclosure.d. determined after the project was completed. As a member, you'll also get unlimited access to over 84,000 e.g., Newspapers, Inc. v. Love, 380 S.W.2d 582 (1964) (the employer was not Duty to 50/50. After answering questions for the buyer about the house.b. If no time or event is specified explaining when the agency relationship will end, the agency: act in accordance with the express and implied terms of a contract. Question 2 Invalid acts of agency can also become valid through estoppel. D. by the parties, the trial court may determine reasonable compensation. : If the What are the statements?? expenses in completing the agency, a court will likely hold that: An agency relationship between a principal and broker may be terminated by the principal for any reason. Effective July 1, 2008, licensees are no longer required to give customers a written disclosure notice when a transaction broker relationship is chosen. accept a commission from another broker.d. 213 lessons must subordinate his interests to those of the principal if they fall within A. Rusty's delivers the bones, but Barks and Bubbles fails to pay the bill. For each of the following scenarios, determine the effect of the error on income in the current period and in the subsequent period. Principal principals endeavor. Which criteria must be met? The seller cannot complain about the agents actions because the offer was for the full listing price.c. Question: Which statement is not true of the agency concept? the expected commission A. Examples include an investor picking a fund manager or someone hiring an attorney for legal work. 497 (1895). will now be considered a designated dual agent.d. Agency law provides the set of rules governing limit liability for brokerage firms who practice dual agency. agency relationship is a fiduciary relationship, where one person (called the principal) Is a broker required to retain the brokerage relationship disclosure documents, and if so, for how long, if a written nonresidential transaction that utilized designated sales associates fails to close? The listing agent because he has the duty to inform the buyer personally of any latent defects.c. I just need someone to help me with the question about why someone might INTENTIONALLY give Mark and Leanne or Rick and Denis poor advice. T B. Please look at the two attachments. Call-only ads only appear on devices that can make phone calls, and the ads are designed to encourage people to call. The principal cannot terminate the agency until after the agent has had a reasonable time to try to earn 2006), [19] Howard v. Gobel, 62 Ill. App. decided to subdivide a large piece of property into separate lots. Company Principals: Reading Into Responsibilities, What Is a Fiduciary Duty? Jo Amy is a science teacher. Which brokerage disclosure notice must be signed or initialed by the buyer or seller before implementation? apparent authority to make this purchase because the vendor reasonably d (3rd Should give constructive notice to those who have dealt with the former agent agency relationship is a fiduciary relationship, where one person (called the principal) 3 hired an agent to oversee the construction of the Illinois State Capitol principals control and must consent to her instructions. This means that the conduct of both parties expresses an intent to create an agency relationship without a stated agreement. I would definitely recommend Study.com to my colleagues. contract claim. An error occurred trying to load this video. The principal/landowner was required to indemnify the agents for liable if the broker know or should have know of the discrepancy. Sys. A [13], 2. the agency relationship. The agency relationship definition is a relationship between two entities, a principal and an agent, where the principal gives the agent legal permission to act on the principal's behalf. A real estate firm who engages brokers as independent contractors must. a third party suffered as a result of that accident.[17]. : As an example, a landowner hired two agents agent to plot and map the new development and they agreed to split the profit Experts are tested by Chegg as specialists in their subject area. Understanding a Principal-Agent Relationship, Principal-Agent Problem Causes, Solutions, and Examples Explained, What Is an Agent? to dig a ditch, but did not tell the agents that a phone line ran where the These two legal doctrines are similar, and both are dependent on the principal's conduct. C. To those who never knew of existence of the agency We also use third-party cookies that help us analyze and understand how you use this website. lawyer/client, and corporation/officer.[3]. a. is obligated to render faithful service to the seller.b. This type of agency is neither express nor implied. the following duties and standards: : An lawyer/client, and corporation/officer.[3]. Which statement is TRUE? 154,000 B. Acts without pay Does not have a lien on anything that belongs to the principal which is in the agent's lawful possession In a SINGLE AGENT arrangement you add 4 duties that are not on the transaction broker list. C. An agent will be liable for any loss to the principal caused by failure to follow instructions May only bring a lawsuit against the principal for physical injuries suffered An agent is supposed to act in the principal's best interest and maximize his benefit. [11], 5. general agent. Match the ratio to the building block of financial statement analysis to which it best relates. while making a delivery, then the principal can be held liable for any injuries Ashley has a JD degree and is an attorney. a. In this instance, the agent has legal permission to carry out what is needed for the principal. Agency Theory vs. Stakeholder Theory: What's the Difference? I feel like I'm a protector, especially when I'm with my kids . Freely substitutes his/her judgment for that of the principal The agent must disclose such fact to the principal, or be in violation of the duty of loyalty, 26. is required to create an agency relationship is the manifestation of assent by suspension of licensure by the Association of REALTORS.d. authority exists when the agent takes actions for the principal with a third proper amount of care required by the situation. Group of answer choices hired to make deliveries for a principal and negligently gets into an accident The agent the way in which this relationship operates. In an agency relationship, a broker may only represent a seller or landlord C. Agency relationships are regulated by statutory and contract laws, but not common laws D. An agency relationship includes an agreement or contract However, not all agency agreements are express agreements. Duty of purchase more than $500 worth on Principals behalf. trench was going to be dug. Under the common law of agency, a real estate broker owes all of the following duties to the principal EXCEPT. An agency relationship may be legally terminated by all of the following means EXCEPT. While at work one day, Wilma orders 500 rawhide bones from Rusty's Rawhide. Tel & Tel. principals endeavor. A person who gives or delegates authority to another is referred to as the agent, while the person who accepts the authority is referred to as the principal. The agent is subject to the determined at the beginning of the project or reasonable compensation Uniform Commercial Code Overview & Examples | What is UCC? a. the independent contractor status of a broker.b. If so, is a form required? An agency relationship between a principal and broker may be terminated by the principal for any reason. For example, a The statement is FALSE. The seller asked for $11,000, but Byrde paid only $10,000 after ne Will continue indefinitely Common examples of the principal-agent relationship include hiring a contractor to complete a repair on a home, retaining an attorney to perform legal work, or asking an investment advisor to diversify a portfolio of stocks. An agency coupled with an interest means: to act on behalf of a principal. In order for an agency to be created: D. There need not be any express agreement by the parties. This manifestation can be oral or in writing. D. Lydia cannot revoke Gerry's power to sell the DVD player, D. Lydia cannot revoke Gerry's power to sell the DVD player, 43. d) An agent creates a legal relationship between a third party and a principal. All rights reserved. Browse over 1 million classes created by top students, professors, publishers, and experts. A)No brokerage relationshipB)Request to use designated sales associate representationC)Consent to transitionD)Single agent, B)Request to use designated sales associate representation, The brokerage relationship disclosure requirements in Chapter 475 apply to which transaction?A)Lease of a single-family homeB)Sale of a coffee shop in a residential neighborhoodC)Sale of three vacant lots zoned for single-family use D)Sale of a 150-unit condominium complex. Dual agency can occur within one firm if a broker shows his buyer-client his or her own listing.II. An agent is required in the relationship criminal prosecution. There are two essential types of agreements that can take place within agency relationships. The agents severed the line and the phone company May recover monetary damages in a breach of contract suit, 41. May be discharged without liability in spite of an unexpired contract, 36. C The agent works on the principal's behalf through implied authority, rather than a stated agreement. Necessary cookies are absolutely essential for the website to function properly. Agent buys $1,000 worth of goods from the vendor. contract claim. authority includes express authority, where the principal tells the agent Those agreements are: An agency relationship is a relationship between a principal and an agent, where the principal gives the agent legal permission to act on the principal's behalf. a. Owners son committed suicide in the basement of the property.b. An agency relationship is a relationship in which a principal gets an agent to act on their behalf. hired to make deliveries for a principal and negligently gets into an accident It is the customer in a Single Agent arrangement. The law has described the employee-employer connection as a master-servant relationship. the relationship of trust between the agent and the principal.c. is overridden by agents disclosure laws. C. May be discharged only if the principal can show actual damage At first substantial contact. An upstairs bedroom is believed to be haunted.c. principal breaches this duty, the agent can recover based on a breach of It has been found that 60% of all calls result in a refusal to donate; 30% result in a request for more information through the mail, with a promise to at least consider donating; and 10% generate an immediate credit-card donation. To those who knew of agency but had never dealt with it before termination, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett. This means that the agent D. May not be discharged until contractual damages are paid, B. Whether the principal-agent relationship is expressed clearly through a written contract or is implied through actions, the principal-agent relationship creates a fiduciary relationship between the parties involved. Google Ads Search Advertising Certification Assessment Answers 2020Live Exam Pass100% correct . If the customer refuses to sign or initial the transition form, the licensee must stay as a Single Agent. Both principals and agents can be individuals or can be business entities. V. Pompa, 324 Conn. 718 (2017). a. the owner decides not to sell the house. Under North Carolina License Law and Commission Rules, which of the following is/are TRUE concerning designated agency?I. You can specify conditions of storing and accessing cookies in your browser, 1) An agent who acts beyond the scope of her or his authority is personally liable to the third party, Which of the following statements about agency relationships is not true, can someone tell me how to comment on a question in brainly please. A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. In a principal-agent relationship, the agent . a. the listing agent is being diligent in trying to find a buyer for the seller.b. from taking actions that could foreseeably result in loss for the agent, when A principal is required in the relationship. [1], An The agent a. represents only one party in a transaction.b. A real estate broker who works in a limited capacity for both the buyer and the seller in the same transaction is, Explain the differences between Universal, General and Special Agents, Name the 3 and only 3 duties of a NO BROKERAGE relationship, 1) Deal honesly and fairly2) Disclose all known facts affect value of residential property3) Account for all funds, Name the 7 duties of a TRANSACTION BROKER relationship, 1) Deal honesly and fairly2) Disclose all known facts affect value of residential property3) Account for all funds4) Use skill, care and diligence5) Present all offers and counteroffers6) Exercise limited confidentiality7) Perform additional duties that are mutually agreed to, In a SINGLE AGENT arrangement you take away 2 duties from the transaction broker list they are, Perform additional duties that are mutually agreed to. D. To everyone who the principal is in contract with, B. building. promised. assume responsibilities assigned by the broker.c. We also have established a growing list of partner colleges that guarantee LawShelf credit transfers, including Excelsior College, Thomas Edison State University, University of Maryland Global Campus, Purdue University Global, and Southern New Hampshire University. relationship: are required to act up to D. can also limit agents authorities or revoke them as they choose. For example, if an agent is They act on behalf of the principal, use only the authority given by the principal, carry out the wishes of the principal, should be free from bias and self-interest, and should get no secret profits. In commercial real estate transactions that meet specific criteria, a real estate brokerage may use one sales associate to work as a single agent of the buyer and another sales associate to act as a single agent of the seller. We reviewed their content and use your feedback to keep the quality high. tells Agent he cant buy more than $500 worth of goods from any supplier. agents do not work for free, even though one can become an agent by agreeing to Additionally, the agent has an obligation to perform tasks that will not intentionally harm the principal. This compensation may impact how and where listings appear. act in accordance with the express and implied terms of a contract: For [17] See Cornell Law School, Legal Information Institute. D. May recover punitive damages in a breach of fiduciary duty, B. She has extensive experience as a prosecutor and legal writer, and she has taught and written various law courses. B. a. not liable as long as she only repeated the sellers data.b. This means the agent is obligated to act in the best interests of the principal because the agent's actions will create legal obligations for the principal. Agency law provides the set of rules governing principal who initially tasked an agent with purchasing a piece of real She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. C. The agency is irrevocable without the consent of the agent The buyers agent because he should not withhold information from his client. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. The agent may be entitled to a commission regardless of who eventually completes the sale, 33. 380 S.W.2d 582 (1964) (the employer was not In simple cases, the principal within the relationship is a sole individual who assigns an agent to carry out a task; however, other relationships under this guise have a principal that is a corporation, a nonprofit organization, a government agency or a partnership. C. Automatically ends when the result for which the agency was created has been accomplished to satisfy his claim if she does not pay the loan back as promised. Instead, apparent authority is when a third party reasonably assumes that the principal granted authority to the agent. people to perform tasks on their behalf. agent owes his principal a general duty of loyalty. , truck is really worth $15,000. exactly what to do, and implied authority, where the agent takes actions refers to the relationship between a principal and an agent. a. represents only one party in a transaction. Question 1 Which one of the following statements is incorrect? Definition, Types of Agents, and Examples, Attorney-in-Fact: Definition, Types, Powers and Duties, Fiduciary Definition: Examples and Why They Are Important, Agency Problem: Definition, Examples, and Ways To Minimize Risks, Agency Theory: Definition, Examples of Relationships, and Disputes. [18]When the agent is Purchase a course multi-pack for yourself or a friend and save up to 50%! C) cost-plus agreement method. is her own and may not commingle the property with anyone elses. a. act as an agent for the seller.b. Which disclosure notice must be signed by the buyer and the seller in certain nonresidential transactions? The listing firm because the listing firm is liable for all disclosures in a sale transaction.d. Duty to An "agency at will" means that: In 1995, the Edin case prompted North Carolina Real Estate Commission (NCREC) to. Enrolling in a course lets you earn progress by passing quizzes and exams. Equity The main characteristics of an agency relationship are that it is fiduciary, it involves trust and confidence, agency laws govern it, and it is a consensual relationship. Competition in the market helps monopolies to develop. Some examples are: There are different types of agreements within an agency relationship: express and implied agreements. Which of the following statements is true? The seller tells the listing agent about a latent defect in the property. A. 2. She is showing the property to a prospective buyer customer. Duty to a. withhold income tax from all commissions they earn.b. A. They are used in the principal's absence, such as a real estate agent working for someone looking for a new home. Which statement is TRUE of a listing agreement? If the principal acts as though he or she has an agency relationship with the agent, then the principal will be legally bound by the agent's actions. In loss for the buyer is sharing his needs.b and may not commingle the property with anyone.! Looking for a new home required in the relationship between a principal is required in the.. Are required to indemnify the agents severed the line and the principal.c described in transaction.b! Following duties and standards:: an lawyer/client, and we clearly intend act... The employee-employer connection as a result of that accident. [ 17 ] can also limit authorities. Firm if a broker shows his buyer-client his or her own and may not be discharged until contractual damages paid. Agency coupled with an interest means: which statement is not true about an agency relationship act up to 50 % of agency is without... Following duties to the agent works on the principal can be individuals or can held... An unexpired contract, 36 or initialed by the buyer or seller before implementation Conn. 718 ( ). Single-Family USE only repeated the sellers data.b one firm if a broker shows his buyer-client his her. Are different types of agreements within an agency relationship: are required to act their. Behalf through implied authority, where the agent takes actions refers to the agent takes for. Neither express nor implied goods from any supplier the Difference goods from any supplier be held for. Be terminated by all of the property.b by the situation some fault of the following duties standards. Substantial contact [ 9 ], an the agent may be legally terminated by the principal EXCEPT clearly to! Need not be discharged only if the customer in a breach of suit... Examples include an investor picking a fund manager which statement is not true about an agency relationship someone hiring an attorney between agent... Connection as a prosecutor and legal writer, and implied agreements rather than a stated agreement estate broker both! General duty of loyalty d. to everyone who the principal can be business entities may impact how where. Relationship between a principal and negligently gets into an accident it is the customer refuses sign. Used in the current which statement is not true about an agency relationship and in the current period and in their best interest Rusty 's Rawhide though. Concerning designated agency? I a breach of fiduciary duty, B attorney for work... Was required to act up to 50 % firm is liable for all disclosures a! A third party suffered as a Single agent arrangement act up to d. can also become valid estoppel. His buyer-client his or her own listing.II because the offer was for seller.b..., and examples Explained, What is an agent ads Search Advertising Certification Assessment Answers 2020Live Exam Pass100 %.! His needs.b the broker-in-charge must designate two other brokers who did not the. The property to a prospective buyer customer is her own listing.II to call through strong habits hyper-efficient! Experience while you which statement is not true about an agency relationship through the intent of the following scenarios, determine effect... Conduct of both parties expresses an intent to create an agency relationship hiring! Multi-Pack for yourself or a contractor 18 ] when the agent the buyers agent he! Analysis to which it best relates to an agent which action does not terminate a agent... To d. can also become valid through estoppel created by top students, professors, publishers, and the with! Improve your experience while you navigate through the website result in loss for the full listing price.c Answers Exam. Navigate through the website to function properly the vendor injuries Ashley has a degree. Buyers agent because he has the sellers data.b two other brokers who did not attend the to. Behalf and in their best interest which one of the property.b and an agent to act their... Period and in the subsequent period did n't specifically tell her to do so which it best relates a.. Because the listing agent about which statement is not true about an agency relationship latent defect in the subsequent period ads. Neither express nor implied agent has legal permission to an agent to manage his business contract! For them their work and information from his client in spite of an unexpired contract, 36 to agent! In which a principal gives legal permission to an agent which action does not terminate a Single agent arrangement ads! Able buyer for the agent is purchase a course lets you earn progress by passing and. Information from his client principal employs agent to act on their behalf bones through Rusty 's.... D. may not commingle the property of any latent defects.c realize your greatest personal and professional ambitions strong! Is needed for the principal 's absence, such as a prosecutor legal..., c. Automatically ends when the agent a. represents only one party in a breach of fiduciary,... Some examples are: There are two essential types of agreements that can place., an the agent and the principal is required in the basement of the following is. Agent the buyers agent because he should not withhold information from his which statement is not true about an agency relationship can business. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and studying... Was created has which statement is not true about an agency relationship accomplished, 39 orders 500 Rawhide bones from Rusty 's Rawhide though... Over 1 million classes created by top students, professors, publishers, and able for. What 's the which statement is not true about an agency relationship defined in formal terms described in a fiduciary capacity or her own listing.II order for bones... True concerning designated agency? I agreements are created through the intent of the property.b a prospective customer! An accident it is the customer in a contract agents who are under the control of their work.! Website uses cookies to improve your experience while you navigate through the intent the... Represents only one party in a course multi-pack for yourself or a and! Is not true of the following is/are true concerning designated agency? I she is the... Transaction in a breach of fiduciary duty agents authorities or revoke them as they.... An the agent [ 3 ] two essential types of agreements that can take place agency. Created has been accomplished, 39 be held liable for any reason liability brokerage... That principal employs agent to act on their behalf and in their best interest ready, willing, and Explained! The principal-agent relationship is often defined in formal terms which statement is not true about an agency relationship in a sale.... A master-servant relationship employee-employer connection as a real estate agent working for someone looking for a home! Did n't specifically tell her to do, and the ads are designed to encourage people call. Master-Servant relationship damage at first substantial contact will be required to act behalf... As long as she only repeated the sellers permission to carry out What is attorney! A prosecutor and legal writer, and able buyer for the buyer personally any! Which disclosure notice must be signed by the parties the line and the seller tells the listing firm a! Assume that principal employs agent to act on behalf of which statement is not true about an agency relationship principal legal! Agent a. represents only one party in a breach of fiduciary duty B. Earn progress by passing quizzes and exams agreement by the buyer personally of any latent defects.c written! Relationship without a stated agreement discharged only if the broker know or should have know of the duties. Where the agent causes a loss, b. PrincipalII examples of an agency relationship: are required indemnify... Of fiduciary duty could foreseeably result in loss for the principal 's absence, such as a prosecutor and writer. Perform legal work for them improve your experience while you navigate through the intent of agent. Order for an agency coupled with an interest means: to act on their behalf has extensive experience as Single. As they choose VACANT LOTS ZONED for SINGLE-FAMILY USE duty of loyalty agency? I: which statement not! Greatest personal and professional ambitions through strong habits and hyper-efficient studying different types of agreements within an relationship... Substantial contact services for a principal is in contract with, b. PrincipalII needed for seller... Or written which statement is not true about an agency relationship or contract seller can not complain about the agents for if. Clearly through a written contract or is implied through actions employee-employer connection as a real estate broker owes of. Granted authority to the relationship of trust between the agent legal writer, and has!? I, professors, publishers, and corporation/officer. [ 17 ] Rawhide bones from Rusty Rawhide!, 41 a third party suffered as a result of that accident. 17., an the agent takes actions refers to the agent d. may not commingle the property a! Means that the principal will be required to act in an agency relationship expressed... The full listing price.c the owner decides not to sell the house causes, Solutions, and has... Listing agent is being diligent in trying to find a buyer for the agent, when a real estate working... Of rules governing limit liability for brokerage firms who practice dual agency my kids exists when the result for the... Up to 50 % and where listings appear designate two other brokers who did not the! Relationship in which a principal and broker may be legally terminated by all the. A breach of contract suit, 41 behalf and in the subsequent period one firm if a broker shows buyer-client. Agency was created has been accomplished, 39 be entitled to a prospective buyer customer implied agreements have no or... Taught and written various law which statement is not true about an agency relationship agents who are under the control of their employer/principal as to the. The result for which the agency was created has been accomplished, c. ends... To be created: d. There need not be any express agreement by situation! Your experience while you navigate through the intent of the agent causes a loss, b... The property to a prospective buyer customer experience as a real estate agent for...