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MRT 1 · Principles of Agency
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Principles of Agency

Types of authority, whether a broker is agent of the client or lender, and disclosure obligations.

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Key points

Question 3

Which term matches: "Expressly given or implied by the nature of the role"

Question 4

What does "Apparent/ostensible authority" mean?

Question 5

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 6

Fill in the blank

______ — broker as agent of client; lender’s representative as agent of lender

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What the exam tests

Types of authority, whether a broker is agent of the client or lender, and disclosure obligations.

Question 8

True or false?

Types of authority, whether a broker is agent of the client or lender, and disclosure obligations