David is a licensed agent who typically represents homeowners looking to sell their house. As an agent, David has limited authority when working with clients, and his duties are limited to those outlined in the listing agreement. How would you characterize David's agency relationship? O David is a special agent since he is only responsible for one property at a time with limited duties. O David is a universal agent because he signed a listing agreement with the seller. О David is a general agent because he works with more than one client at a time. O David is a dual agent because he works with more than one seller at a time.
David is a licensed agent who typically represents homeowners looking to sell their house. As an agent, David has limited authority when working with clients, and his duties are limited to those outlined in the listing agreement. How would you characterize David's agency relationship? O David is a special agent since he is only responsible for one property at a time with limited duties. O David is a universal agent because he signed a listing agreement with the seller. О David is a general agent because he works with more than one client at a time. O David is a dual agent because he works with more than one seller at a time.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
![David is a licensed agent who typically
represents homeowners looking to sell their
house. As an agent, David has limited authority
when working with clients, and his duties are
limited to those outlined in the listing agreement.
How would you characterize David's agency
relationship?
O David is a special agent since he is only
responsible for one property at a time with
limited duties.
O David is a universal agent because he signed
a listing agreement with the seller.
О David is a general agent because he works
with more than one client at a time.
O David is a dual agent because he works with
more than one seller at a time.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2710b037-a612-4a76-8595-38085172c6b6%2F6be74baa-eef7-49ba-9703-42ceaac640b5%2Ffw2eaqk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:David is a licensed agent who typically
represents homeowners looking to sell their
house. As an agent, David has limited authority
when working with clients, and his duties are
limited to those outlined in the listing agreement.
How would you characterize David's agency
relationship?
O David is a special agent since he is only
responsible for one property at a time with
limited duties.
O David is a universal agent because he signed
a listing agreement with the seller.
О David is a general agent because he works
with more than one client at a time.
O David is a dual agent because he works with
more than one seller at a time.
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