The legal concept that holds an employing broker responsible for the acts of affiliated licensees is known as:
Why Respondeat superior Is Correct
Answer A: Respondeat superior
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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Related Alaska Questions
- An Alaska real estate agent who acts beyond the scope of their authorized duties without the principal's consent may create liability for:Agency
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- Which type of agency is created when an agent acts on behalf of a principal without explicit authorization, but the principal later approves the action?Agency
- An agent who exceeds the scope of authority granted by the principal is acting with:Agency
- In Alaska, an agent's authority to bind the principal (client) is limited to the scope of the:Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
State-Specific Concepts
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