Question

A broker who solicits and accepts a deposit on the purchase price of a parcel of real property without express written authorization from the owner to sell the property, is: ____________________________________________________________________ .

Answer 1

An unauthorized broker is a broker who solicits and accepts a deposit on the purchase price of a parcel of real property without express written authorization from the owner to sell the property.

Step-by-step explanation:

The broker who solicits and accepts a deposit on the purchase price of a parcel of real property without express written authorization from the owner to sell the property is called an unauthorized broker.

This is considered a violation of real estate law as it is essential for brokers to have proper authorization from the property owner before engaging in any transactions related to the sale of the property.

Unauthorized brokers can face legal consequences for their actions, and it is crucial for buyers and sellers to work with authorized and licensed brokers to ensure a lawful and protected real estate transaction.