Agency
The concept of 'vicarious liability' in real estate agency means that:
AThe agent is liable for the principal's personal debts
BThe broker can be held liable for the acts of their salespersons done within the scope of employment✓ Correct
CThe buyer is liable for undisclosed defects
DThe seller must indemnify the agent for all losses
Explanation
Vicarious liability holds the broker responsible for the acts or omissions of their employed salespersons performed within the scope of their employment. This underscores why brokers must supervise their agents.
Related California Agency Questions
- Which type of listing agreement gives the broker the most protection and guarantees a commission regardless of who sells the property?
- What is 'ratification' in the context of agency law?
- Which of the following is an example of implied agency?
- A listing agreement is a contract between:
- Under California law, an agent must present all written offers to the seller unless the seller has given written instructions to the contrary. This obligation extends to offers received:
- Which of the following best describes 'agency' in real estate?
- What must a buyer's agent disclose to their client about a property?
- An agent who acts beyond the scope of their authority may be liable for:
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