Phrases with «agency relationship»

An agency relationship refers to a situation where someone (the agent) acts on behalf of another person (the principal) to make decisions or perform tasks. The agent has the authority and responsibility to represent and act in the best interest of the principal, while the principal trusts the agent to fulfill their duties diligently and honestly. Full definition

Sentences with «agency relationship»

  • Before they agree to a limited dual agency relationship with you, you must make sure that your clients clearly understand how your ability to represent them will be reduced. (recbc.ca)
  • The student will be able to explain to clients and customers the different types of agency relationships and explain why each of the relationships is important. (utahrealtors.com)
  • The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made. (oregonrealty.com)
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