Agency
An agent's authority to bind the principal in contract is called:
AImplied authority
BApparent authority
CExpress authority✓ Correct
DOstensible authority
Explanation
Express authority is the specific, explicitly stated authority granted to an agent by the principal, typically found in the listing or buyer representation agreement. It directly empowers the agent to act on the principal's behalf.
Related Arkansas Agency Questions
- If a buyer's agent learns that the buyer's maximum budget is $250,000 while the listing is priced at $230,000, the agent should:
- Stigmatized property refers to a property that:
- A net listing is prohibited in Arkansas because it:
- The duty of obedience in an agency relationship requires the agent to:
- In an Arkansas real estate transaction, the agent who represents the seller is typically called the:
- Under Arkansas law, an agent must disclose to a buyer that they have a personal financial interest in a transaction. This is required by the duty of:
- The duty of confidentiality survives the termination of the agency because:
- In Arkansas, which written document typically establishes the seller's agency relationship with a listing broker?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →