Agency
The difference between actual authority and apparent authority in Oklahoma agency law is:
AActual authority is express or implied by the principal; apparent authority arises from the principal's conduct that leads third parties to reasonably believe the agent has authority✓ Correct
BApparent authority is always broader than actual authority
CActual authority only comes from written agreements
DThere is no legal difference between them
Explanation
Actual authority is what the principal expressly or impliedly grants the agent. Apparent authority arises when the principal's actions or representations lead a third party to reasonably (but perhaps incorrectly) believe the agent has authority to act.
Related Oklahoma Agency Questions
- Which statement best describes a transaction broker in Oklahoma?
- Implied agency is created when:
- Oklahoma requires agency disclosure to be provided in which form?
- An Oklahoma seller's agent who advises the seller on a fair listing price is providing which type of service?
- An Oklahoma seller refuses to accept a full-price offer because the buyer is of a different religion. The seller's listing agent should:
- Oklahoma law allows a broker to act as an intermediary (transaction broker) provided:
- If an Oklahoma listing agreement is an exclusive right to sell, the listing broker earns a commission if:
- An Oklahoma listing agent who is approached by a buyer at an open house must disclose their agency relationship. If the buyer wishes to make an offer, the agent should:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →