Agency
Apparent authority in agency law refers to authority that:
AIs expressly granted in a written contract
BA third party reasonably believes an agent has based on the principal's words or actions✓ Correct
CAn agent assumes without any principal authorization
DIs granted by the MREC to a supervising broker
Explanation
Apparent authority arises when a principal's conduct leads a third party to reasonably believe an agent has authority to act, even if no such authority was actually granted.
Related Mississippi Agency Questions
- An agent who enters into a buyer representation agreement owes the buyer the duty of 'reasonable care.' This means the agent must:
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