Agency
What is 'ostensible agency' (apparent authority) in Kansas real estate?
AAn agency relationship explicitly created in writing
BAn agency relationship created by the principal's conduct that leads a third party to reasonably believe the agent has authority✓ Correct
CAn agency relationship that has been terminated
DAn agency relationship between two brokers
Explanation
Ostensible (apparent) authority arises when a principal's actions lead a third party to reasonably believe an agent has authority. The principal may be bound by the agent's acts even without explicit authorization.
People Also Study
Related Kansas Questions
- Under Kansas law, the 'apparent authority' doctrine can make a broker liable for the actions of an agent if:Agency
- A Kansas licensee who works with a buyer without a written agency agreement is most likely acting as:Agency
- A Kansas real estate agent who discloses a buyer's credit weaknesses to the seller without authorization has violated the duty of:Agency
- A Kansas commercial tenant who sublets their space to another party without landlord consent is in:Property Management
- A Kansas agent who enters into a buyer agency agreement for a period of 90 days may be entitled to a commission even if the buyer purchases a property:Agency
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →