An individual who acts on behalf of an organization or someone else is called agent. Agents have a fiduciary responsibility to act in the best interests of the principal. Common samples of agents include brokers and attorneys. An agent is an individual who acts on behalf of someone else or institution in a transaction. For instance, whenever you direct your stockbroker to buy or sell shares in your account and he or she is performing as agent in the trade
Agents work for either a collection fee or a commission on the basis of the size of the transaction and the kind of product or sometimes a mix of fee and commission.
With regards to the work a particular agent does he or she may have to be certified, licensed or registered by industry bodies or government regulators? For instance insurance agents must be licensed in the state where they do business and stockbrokers must pass licensing exams
In a real estate transaction, a real estate agent represents the seller. That person are often called a real estate broker or a Realtor if he or she is a member of the National Association of Realtors. A consumer might be represented by way of a buyer's agent.
Agents work for either a collection fee or a commission on the basis of the size of the transaction and the kind of product or sometimes a mix of fee and commission.
With regards to the work a particular agent does he or she may have to be certified, licensed or registered by industry bodies or government regulators? For instance insurance agents must be licensed in the state where they do business and stockbrokers must pass licensing exams
In a real estate transaction, a real estate agent represents the seller. That person are often called a real estate broker or a Realtor if he or she is a member of the National Association of Realtors. A consumer might be represented by way of a buyer's agent.