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 will not hire another broker to sell that piece of land until the contract period expires. 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 existed between Marlon and Nita?

Question

Quizplus · Accepted Answer

The type of agency that existed between Marlon and Nita is express agency. This is because their agreement was made through an explicit contract that specified the agent's duties and responsibilities, including the minimum sale price and completion date. It also stated that Marlon would not hire another broker until the contract period expires, which reinforces the express nature of the agreement.

Marlon Intends to Sell a Piece of Real Estate He