Agency
An Oklahoma seller's agent who signs a purchase agreement on behalf of the seller without actual written authority to do so has acted:
AWithin standard agency practice
BBeyond their authority; agents typically cannot bind the principal without written authorization to sign on their behalf — signing without authority could expose the agent to liability✓ Correct
CAs a neutral transaction broker
DAs required by Oklahoma's expedited closing laws
Explanation
Real estate agents generally have authority to market and negotiate but not to execute binding contracts on the principal's behalf without specific written authorization (such as a power of attorney). Signing without authority could be voidable by the principal and expose the agent to liability.
Related Oklahoma Agency Questions
- In Oklahoma, which of the following would terminate an agency relationship automatically?
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