Wednesday, 23 October 2019
Agent Resource Center
Agent Resource Center

Question - A real estate broker could be held liable to a buyer if the broker:

Written by Posted On Friday, 14 June 2019 05:00

(A) Unknowingly makes a misrepresentation to the buyer based on false information given to him by the seller
(B) Executes an agreement with the buyer on behalf of the seller under a power of attorney granted by seller
(C) Acts in excess of the authority given to him by the seller under a listing agreement
(D) Retains the buyer's check at the seller's request after an offer has been accepted by the seller and acceptance has been communicated to the buyer

Answer:  (C) The principal is liable for the acts of his agent performed “within the scope of his authority.” The agent is liable for his acts performed “beyond the scope of his authority.”

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