Which of the following entities typically does NOT have agency authority?

A non-licensed assistant typically does not have agency authority because agency authority is granted to individuals who are legally allowed to represent another party in a real estate transaction. This encompasses licensed real estate agents and brokers who have the necessary credentials and training to engage in contractual negotiations and obligations on behalf of clients.

Non-licensed assistants may perform tasks that support the real estate transaction process, such as administrative duties or setting up property showings, but they lack the legal ability to act as agents or make binding decisions for clients. The distinction lies in the absence of a license, which is a fundamental requirement for agency authority within the realm of real estate.

On the other hand, principals are the parties involved in the transaction who have the authority to grant agency. Licensed real estate agents and brokers are specifically trained professionals who can legally represent clients and make decisions in line with the agency agreement.