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Implied Agency in Real Estate: Test Your Knowledge Quiz

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1. What is implied agency in real estate?

2. Which scenario best illustrates implied agency?

3. What is a key legal concern with implied agency in real estate?

4. Which of the following is NOT an element of implied agency in real estate?

5. An agent who performs duties for a buyer without a formal agreement may inadvertently create an implied agency. What is one consequence of this?

6. In terms of implied agency, which action by a real estate agent could potentially create an agency relationship?

7. How can real estate professionals avoid unintended implied agency relationships?

8. Which of the following statements about implied agency in real estate is true?

9. What does the principle of 'ostensible agency' in real estate signify?

10. Why is agency disclosure important in real estate transactions?