Agency
In New York, 'apparent authority' of an agent exists when:
AThe agent has written authorization from the principal
BA third party reasonably believes the agent has authority to act based on the principal's conduct or representations✓ Correct
CThe agent acts within their statutory duties
DThe agent's license is active and in good standing
Explanation
Apparent authority arises when the principal's words or conduct lead a third party to reasonably believe that an agent has authority to act, even if no actual authority was granted.
Related New York Agency Questions
- In New York, when a listing agent shows their own listing to a buyer, the agent typically becomes a:
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- In New York, if a seller revokes a listing before it expires, the broker may be entitled to:
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