Which of the following is an example of a universal agent?

A universal agent is someone who has broad authority to act on behalf of another person, typically encompassing a variety of tasks and responsibilities. In this case, a conservator fits this definition as they are appointed to manage the personal and financial affairs of an individual who is unable to do so due to incapacity. The conservator has the authority to make decisions that affect the ward’s life, including financial transactions and personal care, thereby demonstrating a scope of power well beyond what is typical for agents in other roles.

In contrast, a real estate broker typically acts as an agent for buyers and sellers within the context of real estate transactions, but this does not grant them the comprehensive authority characteristic of a universal agent. A limited agent has restricted powers, often confined to specific transactions or activities, while a property manager primarily manages a property on behalf of an owner, again lacking the broad authority to act in nearly every decision-making capacity. Each of these roles has defined limitations that differentiate them from the all-encompassing authority seen in a universal agent's responsibilities.