Agency
A Kentucky real estate agent who makes unauthorized repairs to a property they are listing may be liable for:
ANothing, as they were trying to help the seller
BUnauthorized acts that could result in liability to the broker and the agent✓ Correct
CA KREC fine only
DOnly the cost of materials used
Explanation
An agent who takes unauthorized actions (such as making repairs beyond their listed authority) may expose themselves and the brokerage to liability for unauthorized acts, even if well-intentioned.
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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.
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