Under Wisconsin law, a broker's vicarious liability means:
Correct Answer
B) The supervising broker can be held liable for the acts of affiliated licensees performed within the scope of their brokerage activities
Under respondeat superior, Wisconsin supervising brokers are vicariously liable for the actions of their affiliated licensees when those actions are performed in the course of brokerage business.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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