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Agent
Definition: One who is authorized to represent and to act on behalf of another person (called the principal). A real estate broker is the agent of his client, be it the seller or buyer, to whom he owes a fiduciary obligation. A real estate salesperson is the agent of his broker and does not have a direct personal contractual relationship with either the seller or buyer.
Terms, Definitions, and Concepts: Auction, Finance and Investment, Legal (Law), Management, Real Estate
Terms, Definitions, and Concepts: Auction, Finance and Investment, Legal (Law), Management, Real Estate
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