Riley Reed leaves the country and gives Avery Ward broad power of attorney to handle nearly all financial and property matters on Riley Reed's behalf. What type of agent is Avery Ward?
Correct Answer
A) Universal agent
Universal agent is correct because the facts match an agent with broad authority to act for the principal in almost all matters, usually created by a comprehensive power of attorney. That is the best description of the relationship, right, or legal concept tested here.
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Riley Reed manages a 40-unit apartment building for the owner, hires repair vendors, collects rents, and handles routine leasing within the authority granted. What type of agent is Riley Reed?
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Avery Ward signs a listing agreement with Jamie Cruz. In the resulting sale, whose interests does the listing brokerage primarily represent?