What is 'express authority' in a Delaware real estate agency?
Why Authority given directly, either orally or in writing, through a specific agreement Is Correct
Answer A: Authority given directly, either orally or in writing, through a specific agreement
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Delaware Questions
- A contingency clause in a purchase agreement:Contracts
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:Agency
- An exclusive agency listing in Delaware differs from an exclusive right-to-sell listing in that:Contracts
- Which of the following would terminate a listing agreement in Delaware?Agency
- When may an agent's duty of confidentiality be breached?Agency
- Apparent authority in agency law means:Agency
- An addendum to a real estate purchase contract:Contracts
- A Delaware seller enters a 6-month listing agreement. After 4 months the property has not sold. The seller wants to cancel the listing. What are the seller's options?Contracts
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Math Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →