Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale.In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed.The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period.Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services.
-Which of the following types of agency had Marlon and Nita entered into?

Question

Quizplus · Accepted Answer

The scenario describes an express agency where Marlon explicitly authorizes Nita to act as his agent to sell his property at a minimum price and within a specific timeframe. The contract also includes the provision that Marlon cannot hire another broker until the contract expires.

Marlon Intends to Sell a Piece of Real Estate He