Agency
Vermont's 'apparent authority' in real estate agency means that:
AThe agent may do anything they believe is appropriate
BA third party may rely on an agent's authority that appears to exist, even if not actually granted by the principal✓ Correct
CThe broker has unlimited authority to bind the seller
DAuthority granted in writing only is valid
Explanation
Apparent authority arises when a principal's conduct leads third parties to reasonably believe the agent has authority to act, even if actual authority was not explicitly granted. The principal may be bound by the agent's actions within apparent authority.
Related Vermont Agency Questions
- Which of the following would NOT terminate an agency agreement in Vermont?
- In Vermont, which document formally establishes a seller's agency relationship with a listing broker?
- Vermont's 'undivided loyalty' duty in a buyer's agency means the agent must:
- Vermont's Buyer's Agency Agreement becomes binding when:
- In Vermont, undisclosed dual agency is:
- A Vermont buyer's agent owes which of the following duties to the buyer-client?
- Vermont's 'exclusive buyer's agency' means the buyer's agent:
- The concept of 'agency by ratification' in Vermont means:
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