A licensee has written authorization to represent the principal in a specific transaction and is prohibited from binding the principal. Such an authorization creates

Ostensible agency, also known as apparent agency, occurs when a principal's actions create the appearance that an agent has authority to act on their behalf, even if no actual authority exists. This type of agency relies on representations made to third parties, rather than a specific written authorization, and is not applicable in this scenario where the authority is explicitly limited.

A universal agency grants an agent the authority to act on behalf of the principal in all matters, not just specific transactions. This encompasses a broad range of activities and responsibilities, which is contrary to the situation described where the licensee has limited authority and cannot bind the principal.

General agency involves a broader scope of authority than special agency, allowing the agent to conduct multiple transactions on behalf of the principal. Unlike special agency, which is confined to a specific task, general agency encompasses various duties but still allows the agent to bind the principal, which is not the case here.