Agency
Ostensible (apparent) authority in an Indiana real estate agency occurs when:
AAn agent has explicit written authorization to act
BA principal's conduct leads a third party to reasonably believe the agent has authority, even if no actual authority was granted✓ Correct
CA sub-agent acts on behalf of the principal
DAn agent exceeds their actual authority with the principal's knowledge
Explanation
Apparent (ostensible) authority arises when the principal's words or actions lead a third party to reasonably believe the agent is authorized to act. The principal may be bound by the agent's actions within the scope of apparent authority.
Related Indiana Agency Questions
- An Indiana buyer's agent who learns during a showing that the seller has told the listing agent they 'must sell within 30 days' should:
- Indiana's rule that an agent may not purchase property listed with them applies because:
- An Indiana broker who participates in a 1031 exchange for their client should:
- Under Indiana law, an agent's duty to disclose material facts includes disclosing:
- In Indiana, when must a licensee provide agency disclosure to a prospective buyer or seller?
- An Indiana agent's duty of loyalty means the agent must:
- In Indiana, when a managing broker receives notice that an affiliated broker is engaged in unlicensed activities beyond their scope, the managing broker must:
- A buyer's agent in Indiana owes fiduciary duties to the buyer. Which of the following is NOT one of those fiduciary duties?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →