Agency
A seller's agent who acts within the scope of their authority to negotiate a contract price with a buyer has which type of authority?
AUniversal authority
BExpress and/or implied authority granted by the listing agreement✓ Correct
CApparent authority only
DSubagency authority
Explanation
Express authority is explicitly granted in the listing agreement (e.g., 'negotiate offers'), while implied authority includes acts reasonably necessary to carry out the expressed purpose.
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