Agency
Which of the following best describes a 'special agent' in real estate?
AAn undercover investigator hired by the DRE
BAn agent authorized to perform a specific act or transaction on behalf of the principal✓ Correct
CA broker who handles only luxury properties
DAn agent with power of attorney
Explanation
A real estate listing or buying agent is typically a special agent — authorized to perform a specific, limited task (listing or buying one property) rather than having broad authority over all of the principal's affairs.
Related California Agency Questions
- Which of the following actions would most likely create an undisclosed dual agency?
- When must a listing agent provide the agency disclosure form to the seller?
- In California, an agent's duty of 'obedience' to their principal means the agent must:
- The 'duty of obedience' requires a real estate agent to follow all lawful instructions of the principal. Which instruction would an agent be JUSTIFIED in refusing?
- When a seller lists a property 'net' — meaning they want a specific amount and the agent keeps everything above that — this arrangement is:
- An agent who acts beyond the scope of their authority may be liable for:
- Which type of agency is created when a principal's actions lead a third party to reasonably believe an agency relationship exists?
- An agent who secretly purchases a listing from their own seller without disclosure has violated which fiduciary duty?
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