Agency
General agent
An agent authorized to act for a principal in a range of matters
A property manager is the standard real estate example — empowered to lease, collect rent, arrange repairs and handle the day-to-day across an ongoing relationship. A salesperson is a general agent of their broker.
How the exam asks about it
Ranked against special agent (limited to one transaction, which is what a listing broker usually is) and universal agent (unlimited authority, typically under a power of attorney).
Related terms
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