Layla, a licensee, has had a few casual meetings with a potential client, marcus. marcus has told layla the type of home and locations he's interested in. layla has mentioned a few homes that she thinks marcus might be interested in. although layla hasn’t said that she will continue to look for homes for marcus, marcus believes she'll do just that. what type of agency exists between the two?

The correct answer to the question: What type of agency exists between the two? would be: Implied agency.

Explanation:

In real estate, there can be an established agency, which is an actual, recognized organization dedicated to the sale of real estate, or there can be implied agencies. An implied agency is a circumstance that is formed when a person, acting as a real estate agent meets with a potential client and starts to perform the functions of a real estate agent. What Layla is doing, then is known as implied agency, because Marcus, the client assumes that Layla is performing the functions of a real estate agent, even if she does not belong to an actual agency, and Layla is actually performing those duties by looking for properties for Marcus. Thus, there is an implied agreement between the two of terms and services.