Under which of the following types of authority can a real estate broker bind her principal?

Question

Quizplus · Accepted Answer

A real estate broker can bind her principal under all three types of authority- express, implied, and apparent authority. Express authority is explicitly given by the principal to the agent through a contract. Implied authority is not explicitly given but is deemed to exist based on the nature of the agency relationship and prior conduct of the principal and agent. Apparent authority is the power of the agent to bind the principal based on the appearance of the agent's authority to third parties.

Under Which of the Following Types of Authority Can a Real