medium · National Real Estate Exam agency
If an agent is 'coupled with an interest,' can the principal still sell the property through a different broker?
- No, because the original agent's authority is irrevocable by the principal
- Yes, provided the newly hired broker has more years of experience
- Yes, but only after paying the first broker a required $500 release fee
- Only once the first broker's real estate license has formally expired
Sign up free to see the explanation and track your rank →
More National Real Estate Exam agency practice
- If a broker's trust account contains earnest money for ten different transactions, and the
- An agency relationship that is created by a principal's actions leading a third party to r
- An agent's power to bind a principal to a contract is known as their:
- If a broker acts as a transaction coordinator (facilitator) and does not represent either
- If a person acts as an agent without prior authorization and the principal later accepts t
- If a seller instructs an agent to hide a known material defect in the property, the agent
- In a standard real estate transaction, to whom does the agent owe the full range of fiduci
- In which type of agency creation does the principal's silence or failure to object play a