Agency
What is the primary difference between a 'special agent' and a 'general agent' in real estate?
ASpecial agents earn higher commissions
BA special agent is authorized for one specific act; a general agent has broader authority to act on behalf of the principal✓ Correct
CGeneral agents must have a broker license; special agents only need a salesperson license
DSpecial agents only work with commercial properties
Explanation
A special agent (like a listing agent) is authorized to perform one specific act or transaction. A general agent has broader authority to act on the principal's behalf in a range of matters, such as a property manager overseeing all aspects of a building.
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