a voluntary relationship in which one person, the "agent," agrees to act on behalf of another, the "principal

This is the fiduciary relationship resulting when one person (or brokerage firm) called the agent represents the interests of another person, called the principal, when dealing with others. In a real estate transaction, an agency relationship is formed between the brokerage firm (including all its licensees) and the principal.

The term “agency relationship” describes the relationship between management and shareholders. It explains how management act as agents for shareholders, using their delegated powers to run the business in the best interests of the shareholders

A special relationship of trust by which one person (agent) is authorized to conduct business, sign papers, or otherwise act?on behalf of another person (principal). This relatoinship may be created by expressed agreement, ratification, or estoppel. Back to the Top

See Brokerage Relationship.

In law, the relationship between two parties by which one party, the agent, is authorized to perform certain acts on behalf of the other party, the principal.

Agreement between an agent and a client in which the agent acts in the client's best interests in a real estate transaction; also, "Brokerage Relationship."