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Agency and Fiduciary Duties, 17% of the examination

Universal agent

An agent granted very broad authority to act for a principal across nearly all matters that can be delegated.

Universal authority is uncommon in ordinary brokerage and is typically associated with a broad power of attorney. It is broader than a property manager's general agency and a listing broker's special agency.

See also

General agentAn agent with ongoing authority across a continuing series of transactions within a defined scope.Special agentAn agent authorized to perform a specific act or transaction for the principal.

Test the distinction

A relevant question from Agency and Fiduciary Duties, selected because its facts or explanation use this concept.

Agency and Fiduciary Duties ยท 17%Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents

A property manager authorized to handle all matters relating to one building is which kind of agent?

Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanor under B&P Code section 123.

Primary sources

Use these authorities when a course summary, forum answer, or older flashcard conflicts with the current California rule.

Where this is tested

Laws of Agency and Fiduciary DutiesWho you represent, when that duty begins, and what you owe someone you do not represent. California runs its own disclosure regime and permits dual agency with consent, which is where borrowed national study material fails.17%Practice Agency and Fiduciary Duties34 questions on this area, every option explained.Practice

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