Agency
In South Dakota, 'actual authority' of a real estate agent refers to authority that is:
ACreated by third-party belief in the agent's power
BExpressly granted in writing or implied from the terms of the agency agreement✓ Correct
CGranted by the SDREC upon license issuance
DAssumed by agents in all cases involving buyer representation
Explanation
Actual authority is either express (explicitly granted in the agency agreement) or implied (arising from the nature of the agency or necessitated by circumstances). It is the authority the principal actually intended to grant.
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