10.2k views
1 vote
In what type of agency does a person or court give an agent full control over someone's life and belongings to meet a specific need

User Blacktiger
by
8.7k points

1 Answer

8 votes

Answer:

A universal agency.

Step-by-step explanation:

A universal agenct, in real estate, can be defined as a person who is given full authority of a principal. A universal agent replica the authorities of a principal, as much as that he/she can sign a legal document, make a deal of property, or even sell a property.

In simple terms, all the acts and authoritiies are vested to an universal agent of his/her principal. A universal agent is appointed by a power of attorney giving full control over the principal's property, belongings, and life to meet a specific need. It is also important to note that a principal can have only one universal agent.

Therefore, a universal agency is the correct answer.

User Dinesh Potluru
by
8.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.