Agency
Apparent authority in a real estate agency relationship arises when:
AA broker exceeds their written authority but the principal approves
BA third party reasonably believes the agent has authority based on the principal's words or actions✓ Correct
CThe NCREC grants special powers to a licensee
DA broker acts under a court order
Explanation
Apparent authority exists when the principal's conduct causes a third party to reasonably believe the agent has authority to act, even if actual authority has not been granted.
Related North Carolina Agency Questions
- Which NC disclosure form must sellers of most residential property complete?
- The NC WWREA disclosure brochure explains which of the following options available to consumers?
- Which document in North Carolina establishes the seller's agency relationship and authorizes the broker to market the property?
- In North Carolina, a seller's agent owes which of the following duties to an unrepresented buyer?
- A listing agent in NC must disclose which of the following to potential buyers even without being asked?
- A 'seller's agent' in NC owes the seller the fiduciary duty of loyalty, which means the agent must:
- In North Carolina, a broker's agency relationship is terminated by all of the following EXCEPT:
- Designated agency in North Carolina occurs when:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →