Nj r a el estate exam - Study guides, Class notes & Summaries

broad range of matters (ex: property manager) universal agent -CORRECT ANSWERS-has authority to represent the principal in all matters that can be delegated (ex: power of attorney) special agent -CORRECT ANSWERS-authorized to represent that principal in one specific capacity only (most broker relationships) standard of care -CORRECT ANSWERSthe quality of service a normal person would expect from a broker or salesperson disclosure -CORRECT ANSWERS-agent's duty to pass on to the principa...