What type of agent is authorized to perform a single act under agency law?

Study for the Gold Coast Real Estate Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

A special agent is authorized to perform a single act or a specific task on behalf of a principal. This type of agent has limited authority, usually confined to a particular transaction or duty, rather than ongoing responsibilities. For example, a real estate agent hired to sell a specific property acts as a special agent for the seller, meaning their authority is limited to that sale. Once the task is completed, the agency relationship typically ends.

In contrast, a general agent has broader authority and can handle multiple transactions or ongoing responsibilities for the principal, such as a property manager who oversees all aspects of managing a property. A universal agent possesses extensive authority and can act on behalf of the principal in all matters, which is much more comprehensive than the role of a special agent. A designated agent, often found in real estate practices, represents a specific party within a transaction but does not operate under the limited scope characteristic of a special agent.

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