Agency
What is 'apparent authority' in a Delaware real estate agency relationship?
AAuthority expressly granted in writing by the principal
BAuthority the principal's conduct leads third parties to reasonably believe the agent has✓ Correct
CAuthority granted automatically by the Commission
DAuthority derived from the MLS membership agreement
Explanation
Apparent authority (ostensible authority) exists when a principal's words or conduct cause a third party to reasonably believe that an agent has authority to act on the principal's behalf, even without express authorization.
Related Delaware Agency Questions
- What is 'implied agency' in Delaware real estate?
- What is the duty of 'disclosure' owed by a Delaware buyer's agent to their client?
- What is 'property management' as a real estate activity requiring a license in Delaware?
- A seller's agent is legally required to disclose which of the following to a buyer?
- What is 'apparent authority' in Delaware real estate agency?
- What does 'undivided loyalty' mean as a fiduciary duty in Delaware real estate?
- The procuring cause of a sale determines who is entitled to:
- An agent who discloses a seller's motivation to sell quickly to a buyer without permission has violated which fiduciary duty?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →