Contracts
In Missouri, an agent's authority to sign a purchase contract on behalf of a client requires:
AVerbal authorization witnessed by two parties
BA written power of attorney (equal dignities rule)✓ Correct
CMREC licensing only
DOnly a listing agreement
Explanation
The equal dignities rule requires that authorization for an agent to sign a real estate contract on behalf of a principal be in writing (a written power of attorney), since the underlying contract must be in writing.
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