AgencyEASY
The person who hires or appoints an agent is called the:
Correct Answer
D) Principal
The principal is the person who authorizes an agent to act on their behalf. In real estate, the seller or buyer who hires an agent is the principal.
Answer Options
A
DeputyB
CustomerC
FiduciaryD
PrincipalVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
fiduciary-dutiesagency-disclosurelisting-agreements
Key Terms:
principalagentfiduciaryagency relationshiplisting agreement
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Which duty requires an agent to keep the principal informed of all material facts?
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