Agency
Apparent (ostensible) authority in a NJ real estate agency context arises when:
AThe principal expressly authorizes every specific act
BA third party reasonably believes an agent has authority based on the principal's conduct, even if actual authority was not granted✓ Correct
CThe agent acts without any relationship to a principal
DThe NJREC certifies the agent's authority
Explanation
Apparent authority is created when a principal's actions cause a third party to reasonably believe that an agent has authority to act on the principal's behalf. The principal may be bound even if actual authority was not granted.
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