He has no consitutional authority and may not make any decisions relegated to the Executive Branch until he takes the oath required under Art. II and assumes the office of President. The outgoing President maintains full power and authority until the moment that the President-elect completes the oath and becomes President. However, he is able to begin selecting individuals for cabinant positions and preparing policies and executive orders, but those matters may not be acted upon until he is sworn in. He also has a great deal of inherent power due to the knowledge by those that he would influence that he will become President on a date certain.
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Electoral votes are the type of votes that actual elect the president.
Until he/she is sworn in as the President.
Yes, there is an Office of the President-Elect, it was authorized by the Presidential Transition Act of 1963 (after JFK was assassinated).
He is called the "President-elect."
Their choice of vice-president would take office as the new president if the president-elect should die.