Which law supersedes common law in governing agency relationships in some jurisdictions?

The law that supersedes common law in governing agency relationships in some jurisdictions is the common law of agency. While common law provides the foundational principles surrounding agency relationships—how agents and principals interact and the responsibilities each has to the other—specific statutes may be enacted in various jurisdictions to formalize or modify those principles. In this context, the common law of agency, as a body of law, outlines the duties and rights of agents and principals and may be supplemented or altered by statutory laws that establish clearer or more specific regulations for agency relationships in real estate or other fields.

The other options, such as the Community Reinvestment Act, are separate laws focused on specific areas like lending and housing; they do not directly govern agency relationships. Similarly, comparative market analysis is a method used to evaluate real estate prices and is not a legal framework. The Community Association Manager Licensing and Disciplinary Act pertains to the regulation of community association managers but does not pertain directly to the general framework of agency law. Thus, the correct answer reflects the foundational role of the common law of agency as the governing principle in agency relationships, which may be interpreted or altered through specific legislation in different jurisdictions.