Agency
What is 'ratification' of an agent's unauthorized act in Hawaii real estate?
AA. The agent's written authorization from the principal
BB. The principal's acceptance of the agent's unauthorized act after the fact, which binds the principal✓ Correct
CC. The court's approval of a real estate contract
DD. A broker's verification of an agent's license status
Explanation
Ratification occurs when a principal accepts or affirms an agent's act that was performed without authorization. Once ratified, the principal is bound as if they had originally authorized the act.
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