Agency
Agency Practice Question
When can agents sign for principals?
A
NeverB
With verbal authorityC
Only with written authorityD
Not unless principal is their brokerExplanation
Agents can only sign on behalf of principals with written authorization.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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