Under respondeat superior, SC's broker-in-charge is:
Correct Answer
B) Vicariously liable for affiliated licensees' actions within brokerage scope
The broker-in-charge bears vicarious liability for affiliated licensees' actions in brokerage business.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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