32. Which of the following persons is usually NOT an agent? A person who works for...

32. Which of the following persons is usually NOT an agent?

A person who works for a multiple listing service

A property manager working for a management corporation

A broker employed by a seller

A person working for someone else under power of attorney

Solutions

Expert Solution

A property manager working for a managemnet corporation acts as an agent in showing and renting apartments, supervising maintenance work, or to handle any specific business transaction.

A broker employed by a seller is an agent who works for the seller of the property as real estate agent and helps in listing the property for sale.

A person who is working for someone else under power of attorney is the agent or known as attorney-in-fact. He is responsible for buying and selling things on the behalf of real power of attorney, managing his business, his financial matters, etc.

A person working for a multiple listing service is an employee and not agent of the organisation. It helps in providing service to brokers about the detailed information about the locality, features, size etc. of the properties on sale.

So, the correct option is: A person who works for a multiple listing service.

Rahul Sunny answered 2 years ago

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