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Implied Agency

 
Business Dictionary: Implied Agency

Occurs when the words and actions of the parties indicate that there is an agency relationship.

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Real Estate Dictionary: Implied Agency
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Occurs when the words and actions of the parties indicate that there is an agency relationship.
Example: Irwin, a homeowner, asked Bob Broker to help sell his home, creating an implied agency. When Broker found a buyer, Irwin argued that there was no written listing, but Broker prevailed in court and collected the commission.

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more