Which of the following is a characteristic of an express agency?

An express agency is characterized by a clear, explicit agreement between the principal and the agent regarding their relationship and the responsibilities involved. This explicit agreement can be written or oral, but it definitively outlines the terms of the agency, including the authority given to the agent.

When both parties agree on the agency relationship, it establishes a solid foundation for understanding the expectations and duties of each party, minimizing misunderstandings and legal disputes. This clarity is crucial in real estate transactions, where the agent's authority to act on behalf of the principal can significantly impact the outcome of the dealings.

Although agreements can be made verbally, the defining feature of express agency is that there is an explicit acknowledgment of the agency relationship. This is distinct from implied agencies, which emerge from the actions or conduct of the parties involved, rather than from a formal agreement. Therefore, the essence of express agency lies in the mutual, clear agreement of the parties involved.