Which term describes an agent who is authorized for a single transaction or purpose?

Study for the Washington Real Estate Fundamentals Rockwell Exam. Utilize flashcards, multiple choice questions with hints and explanations. Prepare thoroughly for your real estate career!

Multiple Choice

Which term describes an agent who is authorized for a single transaction or purpose?

Explanation:
Special agency refers to an arrangement where an agent is authorized to perform only one specific act or transaction for a principal. In real estate, this means the agent’s authority is limited to that single sale or purchase, and they cannot bind the principal to other deals beyond the completed transaction. The agency ends once that act is finished, keeping the agent’s responsibilities and authority narrowly confined to that purpose. The other terms describe land descriptions or surveying systems rather than who may act on behalf of a principal, so they don’t fit the idea of a transaction-specific authorization. Metes and bounds, rectangular survey, and lot-and-block map are methods for describing property, not roles of an agent.

Special agency refers to an arrangement where an agent is authorized to perform only one specific act or transaction for a principal. In real estate, this means the agent’s authority is limited to that single sale or purchase, and they cannot bind the principal to other deals beyond the completed transaction. The agency ends once that act is finished, keeping the agent’s responsibilities and authority narrowly confined to that purpose. The other terms describe land descriptions or surveying systems rather than who may act on behalf of a principal, so they don’t fit the idea of a transaction-specific authorization. Metes and bounds, rectangular survey, and lot-and-block map are methods for describing property, not roles of an agent.

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