Practice | Unit 3

Question 1

General Agent

Answer 1

Represents the principal in a broad range of matters

Ex) property manager represent the landlord & owner

Question 2

Special Agent

Answer 2

Represents the principal in one specific act or business transaction only

Question 3

Single Agency

Answer 3

the broker/agent represents one party in a transaction

Question 4

Dual Agency

Answer 4

Broker represents two opposite parties in the same transaction