Agency
An agent's authority to bind the principal to contracts is called:
AImplied authority
BExpress authority
CApparent authority
DActual authority✓ Correct
Explanation
Actual authority (which includes both express authority granted explicitly in the agency agreement and implied authority to perform acts necessary to carry out express authority) is the real authority an agent has to bind the principal.
Related Idaho Agency Questions
- In Idaho, what is the term for an agent who represents both the buyer and seller in the same transaction with informed written consent?
- What does Idaho agency law require when a buyer's agent discovers a property listed by their own brokerage?
- In Idaho, a 'buyer's agent' who works in-house for a company that also lists the property may act as a:
- A seller instructs their Idaho listing agent to disclose the minimum price they will accept to any interested buyer. The agent should:
- In Idaho, an agent is required to exercise 'reasonable care' which means:
- A buyer's agent in Idaho owes which of the following duties to the seller?
- The fiduciary duty of 'accounting' requires an agent to:
- In Idaho, which agency relationship is created when both the buyer and seller are represented by agents from the same brokerage?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →