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February 08, 2019

General Agent

Word of the day

General Agent

One authorized by a principal to perform any and all acts associated with the continued operation of a particular job or a certain business of the principal. The essential feature of a general agency is the continuity of service, such as that provided by a property manager of a large condominium project. Most real estate brokers are treated as special agents when they are given limited authorization to act under a listing agreement but not to make decisions.

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