Question

Which of the following is evidence that a license holder has disclosed her agency relationship to a party she represents?

Option 1: A signed agreement explicitly stating the agency relationship.
Option 2: An undisclosed verbal understanding between the parties.
Option 3: A secret memo hidden from the party.
Option 4: A handshake without any documentation.

Answer 1

Evidence of an agency relationship is best provided by a signed agreement stating the relationship. Undisclosed verbal understandings or secret memos are not proper evidence.

Step-by-step explanation:

The evidence that a license holder has disclosed their agency relationship to a party they represent is: Option 1: A signed agreement explicitly stating the agency relationship. This provides a clear, legally binding document that both parties have acknowledged which outlines the nature of the agency relationship. Undisclosed agreements, verbal understandings, secret memos without disclosure to the party, or handshakes without documentation do not provide proper evidence of disclosure.