Jacqueline is a real estate agent and her clients are a young couple who are hoping to purchase their first home. Which of the following statements is true regarding Jacqueline's role as "real estate agent"?

She likely has the actual authority to make binding contracts on behalf of her clients.

She has implied and ostensible authority to make binding contracts on behalf of her clients.

She likely has no authority to make binding contracts of sale on behalf of her clients.

She now fulfills the role of purchasing agent for her clients.