131k views
4 votes
"What type of real estate agency relationship usually exists when a licensee has the broad responsibility of handling all of the details of a specific transaction?"

User Shindigo
by
5.9k points

1 Answer

2 votes

Answer:

General

Step-by-step explanation:

A General real estate agent is the salesperson of the broker and as such can carry out listing services only in the name of and under the supervision of the broker. A general real estate agent has limited authority.

A real estate agency is the fiduciary relationship in which the agent is held in a position of special trust & confidence by the principle.

A general real estate agency is when there is a relationship which exists when a licensee has the responsibility of handling all of the details of a specific transaction.

User Masoud Aghaei
by
4.5k points