What is Agency (Real Estate)? | REAL-ESTATE-SALESPERSON Exam Prep

Agency is a legal relationship where a real estate agent (agent) is authorized to act on behalf of a client (principal) in a real estate transaction. 📚 Learn more about Agency (Real Estate) and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Agency (Real Estate) definition: https://www.open-exam-prep.com/glossary/agency 💡 Exam Tip: OLD CAR = agent duties. Dual agency needs written consent from BOTH parties. --- #real-estate #examprep #financeexam #real-estate-salesperson