California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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Another term for implied agency is:

Statutory agency
Ostensible agency
Express agency
Fiduciary agency

The correct answer is: Ostensible agency

Implied agency refers to a situation where an agency relationship between two parties is created through actions rather than an explicit contract or agreement. This often happens when one party allows another to act on their behalf, leading others to reasonably believe that an agency relationship exists. Out of the given choices, only ostensible agency accurately describes this kind of relationship. Statutory agency refers to a relationship established by law, express agency involves an explicit agreement between the parties, and fiduciary agency involves the agent acting in the best interest of the principal. These options do not accurately describe implied agency.