Question 37

A special agent may market any number of properties authorized by the owner because they can perform those legal acts specified by the principal.

A special agent is empowered to act on behalf of the principal in specific matters, which includes marketing any number of real properties as long as it is authorized by the owner.

A) any number authorized by the owner because a special agent operates without a fiduciary obligation

This option is incorrect because, while a special agent does operate under a specific scope defined by the principal, they do have certain fiduciary duties, such as acting in the principal's best interest. Therefore, the lack of fiduciary obligation does not justify the ability to market any number of properties.

B) any number authorized by the owner because a special agent may perform those legal acts specified by the principal

This option is correct as it accurately reflects the role of a special agent. A special agent can market any number of properties as long as they have the owner's authorization, performing only the legal acts that have been specified by the principal.

C) no more than two because a special agent may operate under a dual agency

This choice is incorrect because there is no inherent restriction limiting a special agent to market only two properties. The concept of dual agency does not impose such a limit; rather, it pertains to the representation of multiple parties in a transaction, which is not relevant to the number of properties a special agent can market.

D) none, because a special agent may appraise, but not market, real property

This option is incorrect. A special agent is not limited to appraising properties; they are specifically authorized to market properties as per the agreement with the principal, assuming such actions fall within the scope of their specified duties.

Conclusion

The correct answer, B, clearly indicates that a special agent can market any number of properties as long as they are authorized by the owner, which aligns with the legal framework governing agency relationships. All other options present misunderstandings about the scope of a special agent's authority or impose unnecessary limitations that do not reflect the principles of agency law.