Agency coupled with an interest can be described as?

Agency coupled with an interest refers to a special type of agency relationship where the agent has a vested interest in the property or the transaction at hand. This existence of interest creates a legal right for the agent that ensures they cannot be easily terminated or revoked by the principal.

For instance, if an agent has an interest, such as being a part-owner of the property, they have the legal right to continue acting on behalf of that property even if the principal wishes to cancel the agency. This principle is significant in scenarios where the agent has put their own money, resources, or other forms of investment into the property or the deal, thus securing their ability to act on it.

This type of agency is distinct from standard agency situations where the principal can revoke the agency at any time, especially if the agent does not have a personal interest in the outcome. The concept underlines the idea that certain relationships in real estate can be protected by the agent's equity or interest, making it more complex than typical agency dynamics.