AgencyListingsHARD
All correctly describe listing brokers and property managers except:
Correct Answer
C) Both typically have limited authority to bind principals
Answer Options
A
Both owe fiduciary duties to principalsB
Both must supervise associate licenseesC
Both typically have limited authority to bind principalsD
Listing broker is special agent; property manager is general agentVideo Explanation4 min
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Which duty requires an agent to keep the principal informed of all material facts?
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