Section 2 fill in blank quiz

A real estate broker who lists a property is generally considered to be a/an _______________.

special agent.

An ostensible or apparent agency is sometimes called an agency by _______________.

estoppel.

If a seller's agent does not have _______________ to accept a deposit check but accepts a deposit from the buyer anyway, then he is acting as the buyer's agent in regard to the deposit.

express authority.

A property manager with broad authority to handle matters concerning a client's property on an ongoing basis is considered to be a/an _______________.

general agent.

Authority that is necessary in order to carry out duties already expressly authorized by the principal is known as _______________.

implied authority.

Someone who is acting without the principal's authorization, but reasonably appears to a third party to be acting with authorization, is called a/an _______________.

apparent agent.