Agency
An Alaska real estate agent who acts beyond the scope of their authorized duties without the principal's consent may create liability for:
AOnly the agent personally
BThe agent and potentially the broker through ratification or negligent supervision✓ Correct
COnly the principal
DOnly the buyer
Explanation
If an agent acts beyond authorized scope, the broker may be vicariously liable if they ratify the act or failed to properly supervise the licensee. The agent is also personally liable for unauthorized acts.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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