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TX-AGENT-16 04
1. U N IT 4: C R EATIN G A N D TER MIN ATIN G
A GEN C Y R ELATION SH IPS
TEXAS LAW OF AGENCY
2. UNIT 4: CREATING AND TERMINATING
AGENCY RELATIONSHIPS
Creating an Agency Relationship
• Agency by Agreement
• Agency Features of Brokerage Agreements
• Agency by Ratification
• Apparent Agency
• Power of Attorney
• General Power of Attorney
• Special Power of Attorney
• Durable Power of Attorney
3. UNIT 4: CREATING AND TERMINATING
AGENCY RELATIONSHIPS
Terminating an Agency Relationship
• Termination by Acts of the Parties
• Mutual Agreement
• Performance of the Agreement
• Expiration of the Term of the Agreement
• Revocation by the Principal
• Renunciation by the Agent
• Breach of Contract
• Impossibility of Performance
4. UNIT 4: CREATING AND TERMINATING
AGENCY RELATIONSHIPS
Terminating an Agency Relationship
• Termination by Operation of Law
• Death of the Principal
• Irrevocable Agency
• Death of the Agent
• Loss of Capacity of Either Party
• Bankruptcy of Either Party
• Condemnation or Destruction of the Property
• Supervening Illegality
• Duties of Agency that Survive Termination
