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The agent works on beha - Study guides, Class notes & Summaries

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Champions Real Estate Exam: Law of Agency| 286 Questions| Verified 100%

  • Champions Real Estate Exam: Law of Agency| 286 Questions| Verified 100%

  • Exam (elaborations) • 37 pages • 2023
  • Available in package deal
    • This person hires an agent - ANSWERSThe Principal The agent works on behalf of this person - ANSWERSthe client (principal) This type of agency allows for the greatest range of authority - ANSWERSUniversal This is provided to the agent when there is written documentation that the agency relationship exists. - ANSWERSExpress authority This is the most limited of all the agency relationships - ANSWERSSpecial agency This type of agency is created when a 3rd party believes that an agen...
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