Agency
What distinguishes a general agent from a special agent in real estate?
AA general agent may only perform ministerial acts
BA general agent has authority to act on behalf of the principal in a range of matters; a special agent has authority for one specific transaction✓ Correct
CA general agent works with buyers only; a special agent works with sellers only
DA general agent is unlicensed; a special agent is licensed
Explanation
A general agent is authorized to act on behalf of the principal in a broad range of activities (e.g., a property manager). A special agent has limited authority for one specific act or transaction (e.g., listing one property).
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