An agent authorized to handle one specific transaction or limited task for a principal.
Why Special Agent matters on the exam
This term belongs to Agency. The questions below are real items from Freehold's bank that use it - each one cites its source.
Exam questions using Special Agent
Every Freehold question shows why the right answer is right — and cites its source.
A broker hired under a listing agreement to sell one property is typically what kind of agent?
A universal agent
A general agent
A special agent
A designated principal
Show answer & explanation
A special agent — A special agent is authorized to perform one specific transaction for the principal, which is exactly what a listing agreement creates. A general agent handles a range of ongoing matters, like a property manager.
Source: PSI National Real Estate Exam Content Outline §5 General Principles of Agency
A property manager authorized to handle leasing, maintenance, and rent collection for an owner's building on an ongoing basis is classified as a:
Special agent
General agent
Universal agent
Designated agent
Show answer & explanation
General agent — A general agent holds continuing authority to act for the principal across a series of transactions, which is exactly the scope of an ongoing property management engagement, unlike a special agent's authority limited to one transaction.
Source: PSI National Real Estate Exam Content Outline §5 General Principles of Agency
Which agent type has authority limited to accomplishing one particular task or transaction for the principal?
General agent
Universal agent
Special agent
Managing agent
Show answer & explanation
Special agent — A special agent's authority is restricted to a specific, defined task, such as selling one particular property, unlike a general agent's broader ongoing authority.
Source: PSI National Real Estate Exam Content Outline §5 General Principles of Agency
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