License Law & AgencyCâu 31 / 100
Which of the following would create an agency relationship by ratification?
a.A signed listing agreement
b.A principal accepting the benefits of unauthorized acts after the fact
c.A written buyer-broker contract
d.A formal power of attorney
Giải thích
Agency by ratification arises when a principal approves or accepts the benefits of an agent's previously unauthorized actions. This retroactively creates the agency relationship. Express agency, by contrast, is created by a clear agreement such as a signed listing.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In New York, the agency disclosure form must generally be presented to a prospective buyer or seller:
- A dual agent in New York is a broker who:
- A designated sales agent arrangement in New York allows a supervising broker to:
- Commingling, which is prohibited for New York brokers, refers to:
- The federal Fair Housing Act prohibits discrimination based on all of the following EXCEPT:
- The practice of inducing owners to sell by suggesting that people of a particular protected class are moving into the neighborhood is called:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với New York Real Estate Salesperson Licensing Exam · Quy trình kiểm tra