Tennessee Real Estate Exam Practice Question
A seller lists at $112000 and gives the broker a limited power of attorney to accept any **cash offer ≥ $108000**. The broker receives an all-cash offer of $110000. The broker
Correct Answer: C
Rationale: The broker may accept the $110,000 cash offer because it meets the seller's criteria set by the limited power of attorney, which allows acceptance of offers equal to or above $108,000.
Option A is incorrect; the broker is empowered to act on behalf of the seller within the specified limits, so waiting for the seller's return is unnecessary.
Option B is also incorrect; there is no requirement to involve the seller's attorney for the acceptance of the offer under the given authority.
Option D is wrong as well; signing a deed requires explicit authorization, which is not granted by the limited power of attorney for this scenario.
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