Term
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Definition
| a relationship in which one person acts for or represents another |
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Term
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Definition
| a person who is authorized by another to act on his/her behalf |
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Term
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Definition
| The firm that has entered into a buyer agency agreement with the buyer indicating that the broker will be representing the interests of the buyer. The actual person, within the buyer broker firm that procured the buyer. |
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Term
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Definition
| Person who employs an agent to perform a service on his/her behalf. |
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Term
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Definition
| person who receives services given on behalf of and for the benefit of a client. |
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Term
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Definition
| the firm that the seller has employed under a listing contract; the agent within the employing firm who actually acquired the listing |
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Term
| multiple representation relationship |
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Definition
| between a broker and two or more of the broker's clients in which the clients are parties in the same transaction |
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Term
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Definition
| one who has permitted or directed another to act for his/her benefit and subject to his/her direction and control |
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Term
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Definition
| the firm which procured the buyer for a seller. The selling agent is the actual person, within the selling broker's firm who actually procured the buyer. |
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Term
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Definition
| practice of representing either the buyer or the seller but never both in the same transaction |
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Term
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Definition
| broker engaged by another broker to provide brokerage services in a transaction, but who is not the other broker's employee |
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Term
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Definition
| a multiple representation relationship (both buyer and seller are clients of the broker) in which each client is receiving negotiation services from the agent of the broker but who are not providing negotiation services to any other client of the broker in the transaction. |
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