Real Estate Exam [National] 51, Types of Agency Authority Explained
Автор: Open Exam Prep
Загружено: 2026-02-25
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Описание:
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.
In this episode you will learn:
• The primary differences between Express and Implied agency creation methods
• How Agency by Ratification validates unauthorized actions after they occur
• The legal implications of Estoppel and how it prevents denial of agency
• Why written express agreements are vital for commission protection under the Statute of Frauds
• Common exam traps involving apparent authority and unintended dual agency
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: / @open-exam-prep
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