Agency
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| A properly licensed party who serves a principal in an agency relationship. Also called an agency. | Broker
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| The fidicuary relationship between a broker and a principal or broker and a client | Agency
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| A party acting for another in a position of trust-a broker, an agent | Fidicuary
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| The relationship based on trust- the relationship governed by the law of agency between a broker and a principal | Fidicuary Relationship
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| A party represented by a broker in an agency relationship- also called a client | Principal
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| A party represented by a broker in an agency relationship-also called a principal | Client
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| A third party- one a broker is working with, but who is not represented by that broker | Customer
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| An emplyoyment contract obligating broker to act as a fiduciary to a buyer | Buyer Representation Agreement
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| An employment contract obligating a broker to act as a fiduciary to a seller | Listing Ageement
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| An employment contract obligating a broker to act as a fidicuary to a property owner | Management agreement
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Created by:
Shirilyn
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