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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 |