Agency
In Alaska, an agent who has 'apparent authority' is acting on authority that:
AWas explicitly granted in the listing agreement
BThe principal has caused third parties to reasonably believe exists, even if not actually granted✓ Correct
CWas granted by the Alaska Real Estate Commission
DHas been ratified in writing by the broker
Explanation
Apparent authority (ostensible authority) arises when a principal's conduct leads third parties to reasonably believe that an agent has authority to act on the principal's behalf, even if no such authority was actually granted.
Related Alaska Agency Questions
- Under an 'exclusive agency' listing in Alaska, the seller:
- In Alaska, the type of listing that gives the seller the most control over who earns the commission when the seller also finds a buyer is:
- The duty of 'loyalty' in an Alaska agency relationship primarily means:
- A buyer's agent in Alaska negotiates a lower price for the buyer. The agent's commission is based on the sale price. If a lower price means less commission, this creates a potential:
- An Alaska salesperson shows a buyer a property that the salesperson's brokerage has listed. Without a designated agency arrangement, this creates:
- In Alaska, a 'subagent' is best described as:
- An Alaska buyer's agent presents an offer below the listing price. The listing agent tells the buyer's agent that the seller 'needs to get at least $10,000 more than this offer.' This disclosure by the listing agent violates:
- In Alaska, an agent's duty of 'accounting' requires the agent to:
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →