Agency
In South Carolina, an agent's authority to act on behalf of a principal is called:
AFiduciary power
BAgency authority
CActual authority (express or implied) and apparent authority✓ Correct
DBlanket authorization
Explanation
An agent's authority may be express (explicitly granted by the principal), implied (arising from the express authority), or apparent (based on the principal's conduct that leads third parties to reasonably believe authority exists). All three can bind the principal.
Related South Carolina Agency Questions
- In South Carolina, a licensee's duty to disclose material facts applies to:
- A South Carolina property manager's fiduciary duties to the property owner include all of the following EXCEPT:
- In South Carolina, 'agency coupled with an interest' is:
- In South Carolina, what is 'ratification' in agency law?
- A South Carolina buyer's agent has a duty to keep which information confidential?
- Puffing in real estate refers to:
- An exclusive right-to-sell listing in South Carolina guarantees the listing broker a commission:
- In South Carolina, the agency disclosure form must be provided to a prospective buyer or seller:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →