Agency
Agency Creation: Ratification
A concise definition for the California Real Estate Exam study guide.
Definition
Ratification occurs when a principal approves an agent's previously unauthorized act after the fact. The approval can make the act binding according to the circumstances and applicable law.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 2: Agency, Fiduciary Duties & Disclosure →