Agency
An agent who continues to act on behalf of the principal after the agency has been revoked may be liable for:
ANothing, if acting in good faith
BUnauthorized acts performed after the agency's termination✓ Correct
CA refund of commissions earned before termination
DPaying the principal's closing costs
Explanation
Once an agency is revoked or terminated, the agent has no further authority to act on the principal's behalf. Acts performed after termination may be unauthorized and create personal liability for the agent.
Related Arkansas Agency Questions
- The duty of 'accounting' in agency requires a licensee to:
- When does an agency relationship with a seller typically terminate?
- In a traditional seller agency relationship, the licensee's fiduciary duties run primarily to:
- A seller's listing agent discovers that the basement leaks during heavy rain. The seller asks the agent not to tell buyers. The agent should:
- A listing agent owes fiduciary duties to the:
- An agent's authority to bind the principal in contract is called:
- A buyer's agent accepts a referral fee from a home inspector. This is:
- The duty of obedience in an agency relationship requires the agent to:
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