Multiple Representation By Accident
Question:
Can you give me an example of implied agency?
Answer:
You are the Listing Agent hosting an Open House. You provide a person in attendance with “advice” rather than “information. You now have a prospective buyer with whom you have an implied agency agreement.
This occurred by accident and was unintended in the first place. Nevertheless, this gives rise to the Seller having the right to terminate the listing because this arose through negligence.
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