Under California law, a real estate agent's authority to act on behalf of a client is ultimately derived from:
Correct Answer
B) The supervising broker's license under which the salesperson operates
Under California Business and Professions Code §10132, a real estate salesperson must work under the supervision and control of a licensed broker. The broker is the agent of the client, and the salesperson acts as the broker's representative. All authority flows through the broker's license.
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Previous Question
In California, Broker Smith has the listing on a property. Salesperson Jones, who works for Broker Smith, brings a buyer. Under California law, what agency situation has been created?
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A buyer verbally says to an agent, 'I want you to find me a house.' The agent begins showing properties and negotiating offers on the buyer's behalf, but no written agency agreement is signed. Under California law, what type of agency has most likely been created?