Agency
The three main categories of authority a real estate agent may have are:
AListing, selling, and closing authority
BExpress, implied, and apparent authority✓ Correct
CSpecific, general, and universal authority
DContractual, statutory, and equitable authority
Explanation
An agent's authority can be: express (specifically granted), implied (reasonably necessary to carry out express authority), or apparent (created by the principal's conduct causing third parties to believe authority exists).
Related Georgia Agency Questions
- A real estate licensee in Georgia who assists a buyer without a written buyer's brokerage agreement is presumed to be:
- Under the Georgia Brokerage Relationships in Real Estate Transactions Act (BRRETA), the disclosure of brokerage relationships must be made:
- A Georgia listing agent is showing their listing to an unrepresented buyer. In this scenario the agent is:
- A Georgia buyer's agent who receives a home inspection report showing significant defects must:
- A listing agent in Georgia who discovers a material defect in the listed property is obligated to:
- In Georgia, a broker who represents a seller is presumed to be:
- In Georgia, a broker may represent a buyer without a written buyer representation agreement, but the relationship should be disclosed:
- Under Georgia's BRRETA, which of the following is a duty owed by a buyer's broker to their client?
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