Agency
What is a universal agent vs. a general agent vs. a special agent in real estate?
AAll are the same in Ohio law
BUniversal: full power; general: broad ongoing authority (like a property manager); special: limited to a specific transaction (like a listing agent)✓ Correct
CSpecial agents have more authority than general agents
DUniversal agents are not recognized in Ohio
Explanation
Universal agents have full power of attorney for all matters. General agents (like property managers) have ongoing broad authority in a particular area. Special agents (like listing/buyer's agents) are authorized for a specific transaction only.
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