A special agent in real estate is areal estate agent hired to do a specific task or job,as opposed to a general agent,who is a real estate agent who can do any task he or she is assigned to. A special real estate agent is generally only employed to do a specific task,after which they are no longer employed by the client.
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What is an example of a special agent in real estate?
A listing agent hired to sell a client’s home is an example of a special agent. The agent only has the authority to act as the client’s listing agent; once the home is sold, the relationship between the agent and the client ends. A general agent is an agent who can perform any and all of the acts required for a job or business.
Why do you need a special agent?
As it turns out, they need a special agent. In real estate, a special agent is an agent hired to perform a specific duty for a client (also known as a principal). The real estate agent’s authority is limited to the specific job for which they are hired.
What is the difference between a general and a special agent?
A general real estate agent is hired to conduct a number of different real estate related tasks for a company, while a special real estate agent has a specific responsibility or set of responsibilities to which he/she is limited. Let look at an example of a special agent in real estate.
What is a special agent in legal forms?
Browse US Legal Forms?largest database of 85k state and industry-specific legal forms. A special agent is an agent whose authority is limited to the special undertaking which s/he is instructed to perform. A special agent has a limited authority to act. For example, a real estate broker, engaged by an owner to find a buyer.