Agency
What is 'special agency' as used in Idaho real estate?
AAn agency relationship requiring government approval
BAn agency limited to specific tasks or transactions, such as a listing or buyer representation agreement for a particular property✓ Correct
CAn agency that handles only commercial transactions
DAn agency managed by a state-appointed broker
Explanation
Special agency (also called limited agency) is created for a specific purpose or transaction. Real estate listing and buyer representation agreements create special agencies — the agent's authority is limited to that particular transaction.
Related Idaho Agency Questions
- What is a 'facilitator' or 'transaction broker' in some states (compared to Idaho's approach)?
- Which Idaho agency concept describes the situation where only one agent in a company represents a client, while another agent in the same company represents the other party?
- In Idaho, what is a 'transaction coordinator' and what are they NOT allowed to do?
- What is a 'home warranty' program and who typically pays for it in an Idaho transaction?
- Under Idaho law, which party can terminate a buyer representation agreement before expiration?
- What is 'apparent authority' (ostensible authority) in Idaho agency law?
- What is 'puffery' by a listing agent and how does it differ from misrepresentation?
- Which of the following describes an 'ostensible agency' (apparent agency)?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →