Agency
A Minnesota buyer's agent receives verbal permission from the buyer to sign the offer on the buyer's behalf since the buyer is traveling. Without written authorization, this verbal permission:
AIs fully sufficient to bind the buyer
BIs insufficient for the agent to sign the contract - written authorization is required✓ Correct
CCan be used if witnessed by another agent
DIs acceptable only for offers under $100,000
Explanation
For an agent to execute a contract on a client's behalf, written authorization (power of attorney or specific written authorization) is required. Verbal authorization is insufficient to authorize an agent to sign a binding real estate contract for their client. Without proper written authorization, the agent's signature would not bind the buyer, and the contract would be unenforceable against the buyer.
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