In which situation can a licensee acting on behalf of an out-of-town seller accept an offer?

A licensee acting on behalf of an out-of-town seller can accept an offer when they have written authority as Power of Attorney (POA) from the seller. This is crucial in real estate transactions because the licensee must have explicit authorization to act on behalf of the seller, particularly regarding significant actions like accepting an offer. Having a written POA safeguards both the seller's interests and the legal integrity of the transaction, providing clarity on the scope of authority granted to the licensee.

In real estate, verbal permissions are often too ambiguous and can lead to misunderstandings or disputes. Hence, relying solely on verbal consent or permission without formal documentation does not provide the necessary legal backing. Similarly, the circumstances of the property's listing price do not dictate the authority needed to accept offers. The key element here is the requirement for documented authority to ensure that all parties involved are protected and that the transaction proceeds lawfully and smoothly.