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All of the following are essential to the creation of an agency relationship, EXCEPT:
An agency relationship can be created by all of the following, EXCEPT:
The phrase that best describes the nature of a broker’s duty to keep a principal fully informed is:
When acting as agent for seller Jones, real estate broker Smith:
Under the law of agency a fiduciary relationship is created between the broker and the seller on execution of the listing agreement. As far as the broker’s responsibility to third parties, the broker: