Forming an agency relationship requires that
A. The agreement between the principal and agent be supported by consideration.
B. The principal and agent not be minors.
C. Both the principal and agent consent to the agency.
D. The agent's authority be limited to the express grant of authority in the agency agreement.
Answer: C. Both the principal and agent consent to the agency.
Business
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The Change of Status form provides permission for a broker to change to transaction-broker to serve both sides of a transaction.
a. true b. false
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