"What type of real estate agency relationship usually exists when a licensee has the broad responsibility of handling all of the

Question

slavikrds [6]

3 years ago

10

"What type of real estate agency relationship usually exists when a licensee has the broad responsibility of handling all of the

details of a specific transaction?"

Social Studies

1 answer:

lara31 [8.8K] · Answer 1 · 2021-12-28T07:13:47+03:00

Answer:

General

Explanation:

A General real estate agent is the salesperson of the broker and as such can carry out listing services only in the name of and under the supervision of the broker. A general real estate agent has limited authority.

A real estate agency is the fiduciary relationship in which the agent is held in a position of special trust & confidence by the principle.

A general real estate agency is when there is a relationship which exists when a licensee has the responsibility of handling all of the details of a specific transaction.