Agency
In Minnesota, an agent who exceeds their authority granted by the principal (seller or buyer) may expose themselves to:
AOnly ethical complaints from the MLS
BPersonal liability to third parties who relied on the agent's unauthorized representations✓ Correct
CLicense suspension only by the MLS
DNo liability as the principal is always responsible
Explanation
An agent who acts beyond their granted authority (express or implied) may be personally liable to third parties who relied on those unauthorized actions. In Minnesota real estate, this principle means agents must stay within the scope of their agency. The principal (seller/buyer) may ratify the unauthorized act or may disclaim it.
Related Minnesota Agency Questions
- Minnesota law requires dual agency disclosure to be made:
- A Minnesota buyer's agent discovers during a showing that the seller has patched over water damage in the basement without disclosing it. The agent should:
- In Minnesota, a real estate agent's authority to act on behalf of a client is derived from:
- A Minnesota listing agent receives an offer 30% below list price. Before presenting it to the seller, the agent can:
- A Minnesota buyer's agent learns that the seller has accepted another offer but it has not yet been signed by all parties. The buyer's agent should:
- In Minnesota, an agent who receives an offer on a listed property must present the offer to the seller:
- Under Minnesota law, a seller's agent may share the seller's marketing strategy with the buyer's agent if:
- A Minnesota agent is asked by a prospective client whether they can guarantee a sale within 60 days. The agent should:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →