Agency
In Idaho, what is a 'general agency'?
AAn agency covering all real estate activities nationwide
BAn agency that grants an agent broad authority to act on behalf of a principal in a range of matters✓ Correct
CAn agency governed by federal rather than state law
DAn agency relationship without any written agreement
Explanation
A general agency grants an agent broad, ongoing authority to act on behalf of the principal in a range of matters, such as a property manager who is authorized to handle all aspects of managing a property.
Related Idaho Agency Questions
- What does 'sub-agency' mean in Idaho real estate and why has it largely been replaced?
- 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?
- Under Idaho law, when may an agent keep a client's confidential information secret even after the agency relationship ends?
- What is the duty of 'diligence' as it applies to an Idaho real estate agent?
- What is 'single agency' in Idaho real estate?
- In Idaho, a 'seller's disclosure obligation' exists even when the property is listed 'as is' because:
- The fiduciary duty of loyalty requires an agent to:
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