Agency
Under Michigan law, an agent's implied authority arises from:
AThe express terms of the agency agreement
BAuthority customarily associated with an agent's position✓ Correct
CThe agent's personal judgment about what is best for the client
DLARA administrative rules
Explanation
Implied authority includes the authority customarily granted to someone in the agent's position or that is reasonably necessary to carry out the agent's express authority. It arises from the nature of the agency, not from specific written instructions.
Related Michigan Agency Questions
- In Michigan, a real estate agent who discloses a buyer's financial qualifications to the seller without authorization is:
- In Michigan, material facts that a listing agent must disclose include:
- A Michigan listing broker who discovers a hidden defect in the listed property must:
- In Michigan, a designated agent means:
- A listing agent who also represents a buyer for the same property without proper disclosure is guilty of:
- What happens to a Michigan listing agreement when the seller dies before the property is sold?
- A Michigan seller's agent is obligated to present all offers to the seller:
- In Michigan, if an agent exceeds their authority under a listing agreement, the broker:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →