Agency
Which of the following is an example of an agent's implied authority?
AAuthority specifically written into the listing agreement
BAuthority the agent has because it is customarily necessary to carry out the express authority granted✓ Correct
CAuthority given verbally by the principal
DAuthority granted by IDFPR to perform certain transactions
Explanation
Implied authority is authority that is not expressly stated but is customarily necessary to carry out the express authority granted. For example, a listing agent has implied authority to advertise the property, place a for-sale sign, and show the property — these activities are necessary to carry out the express authority to list and sell.
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