Agent Authority

Agent authority defines the legal scope of actions a real estate agent can take on behalf of their principal, as specified in the agency agreement.

Authority TypeScope
Express authorityExplicitly granted in writing
Implied authorityReasonably necessary to perform duties
Apparent authorityThird parties reasonably believe exists
Bound by agreementCannot exceed stated limits
Common LimitsRestriction
Price negotiationsCannot accept offers below minimum
Contract signingUsually requires principal approval
Property modificationsNo authority without permission
Payment collectionDefined in agency agreement


Related Terms

AgencyAgency Agreement Agent AuthorityPower of Attorney (POA)Professional Standards

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