Agency
In NJ, a buyer's agent who helps their client prepare and negotiate an offer is exercising which type of agent authority?
AUniversal authority
BExpress authority granted by the buyer agency agreement✓ Correct
CImplied authority only
DApparent authority
Explanation
The written buyer agency agreement expressly authorizes the agent to represent the buyer in negotiating a purchase. This is express authority—authority explicitly granted in the written agreement.
Related New Jersey Agency Questions
- An agent's duty to OBEY the principal's lawful instructions means:
- In NJ, which of the following actions would NOT be considered a material fact requiring disclosure to a buyer?
- A NJ seller's agent who discovers that the property has a major foundation problem just before showing it to a buyer should:
- A material fact in NJ real estate is one that:
- Under NJ law, 'material facts' that must be disclosed include all of the following EXCEPT:
- In an exclusive agency listing, the seller can sell the property themselves without:
- In New Jersey, which document memorializes the creation of a buyer agency relationship?
- Which of the following best describes ostensible agency?
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