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Agency
| Term | Definition |
|---|---|
| General Agency | Agents perform broad range of ongoing tasks |
| Special Agency | Limited in time, purpose, and authority |
| Universal Agency | Authority to act in all areas of life of principal via Power of Attorney |
| Property Manager Relationship to Owner | General Agency |
| Listing Agent Relationship to Principal | Special Agency |
| Licensee Relationship to Broker | General Agency |
| Guardian | Universal Agency |
| Buyer's Agent | Special Agency |