The Main Types of Express or Implied Authority That Are

question 5

Multiple Choice

The main types of express or implied authority that are granted to real estate agents are:

• A)to find a purchaser for a property.
• B)to manage a property.
• C)to sell a property with express written authority.
• D)to receive a deposit.
• E)all of the above.

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Definitions:

Third-party Conflict

Disputes where an outsider, who is not directly involved, plays a role in resolution, mediation, or arbitration.

Competitive Negotiators

Competitive negotiators adopt a strategy focused on winning or achieving their own goals, often at the expense of the relationship with the other party.

Concessions

Compromises made during negotiations where one party agrees to give up certain demands or conditions.

Circular Table

A round table design that facilitates equal visibility and interaction among all seated participants.