What is the role of a general agent in real estate?

The role of a general agent in real estate is primarily to represent a principal in various matters. A general agent acts on behalf of their principal and has the authority to conduct a variety of activities that fall within the scope of the agency relationship. This can include negotiating contracts, managing properties, and dealing with clients and partners on behalf of the principal.

A general agent is empowered to perform more responsibilities than a special agent, who has a narrower task-specific authority. By having such broad powers, the general agent can effectively handle multiple aspects of the principal's affairs, which is particularly valuable in real estate where complex transactions and ongoing management are often involved. The general agent's ability to engage in a wide range of activities ensures that the principal's interests are represented effectively in various situations.