Creating & Ending Agency

National · Agency & Fiduciary Duties — free cheat sheet for the real estate licensing exam.

🤝 Agency & Fiduciary Duties

📋 The 1-minute cheat sheet

Created by: express agreement (listing/buyer rep), implied conduct, ratification, estoppel
NOT created by: paying commission — compensation ≠ agency
Ends by: performance, expiration, mutual consent, revocation/renunciation (may owe damages)
Ends by law: death/incapacity of either party, destruction of property, bankruptcy
Agency is personal — it can't be assigned to another agent

Is Creating & Ending Agency on the real estate exam?

Yes. Agency & Fiduciary Duties is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.