Agency
What is the primary difference between a 'special agent' and a 'general agent' in real estate?
AA special agent has more authority than a general agent
BA special agent is authorized for a specific act or transaction, while a general agent has broad, ongoing authority✓ Correct
CA general agent represents buyers only
DA special agent can bind the principal to any contract
Explanation
A special agent is authorized to perform only a specific act (e.g., list and sell one property), while a general agent has ongoing authority to perform a range of acts on the principal's behalf (e.g., a property manager). Most real estate listing agents are special agents.
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