Agency
In Alaska, an agent's authority to bind the principal (client) is limited to the scope of the:
AAgent's license
BAgency agreement and actual/apparent authority granted by the principal✓ Correct
CMLS membership rules
DBrokerage's standard operating procedures
Explanation
An agent's authority to bind the principal to a contract is limited to the scope of authority granted in the agency agreement (actual authority) plus any apparent authority the principal's conduct has created. Agents who act beyond their authority risk personal liability.
Related Alaska Agency Questions
- In Alaska, when does a buyer's agency agreement typically terminate?
- The duty of 'loyalty' in an Alaska agency relationship means the agent must:
- Agency by estoppel arises when:
- When does a seller's listing agency relationship terminate?
- A listing agent who learns that the seller is in financial distress and must sell quickly:
- A listing agent discovers structural damage to the foundation that the seller has not disclosed. The agent's obligation is to:
- When a seller's broker represents the seller and the buyer is unrepresented, the broker owes the buyer:
- Under Alaska agency law, a licensee acting as a 'facilitator' (non-agent) owes which duties?
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