Friday
May 16th
Index  FAQsFrom the list below choose one of our FAQs topics, then select an FAQ to read. If you have a question which is not in this section, please contact us. Real Estate Glossary |
| AGENCY |
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| A relationship created when one person, the "principal," delegates to another, the "agent," the right to act on the principal's behalf in business transactions and to exercise some degree of discretion while so acting. An agency gives rise to a fiduciary relationship and imposes on the agent, as the fiduciary of the principal, certain duties, obligations and high standards of good faith and loyalty. |
