An "agent" is someone who acts on behalf of another person, called a "principal". Both "salespersons" and "brokers" are agents. However, the representation of a salesperson is indirect, as they act for their employer (the "broker"), who then acts for the principal.
These are questions that the above text answers:
1. What is the definition of an "agent" in real estate law?
2. Who does a salesperson act on behalf of in a real estate transaction?
3. What is the role of a broker in real estate transactions?
4. How does a salesperson's representation differ from a broker's representation in real estate?
5. What is the relationship between a salesperson, a broker, and a principal in real estate law?
6. What is the responsibility of an agent in a real estate transaction?
7. Who is considered the principal in a real estate transaction?
8. How does a salesperson's role differ from a broker's role in real estate law?