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Dual Agency |
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Dual AgencyThe representation of opposing principals (buyer and seller) at the same time. In brokerage many states get around this by saying that the agent aids the buyer but is the agent of the seller only. A problem arises if both buyer and seller pay the broker, Then full disclosure must be made. An escrow agent is the agent of buyer and seller and usually paid by both. This is why an escrow agent must be neutral.Dual Agency Similar MatchesAgency securitiesAgency securitiesIn the US, these are securities issued by federal government agencies. AgencyAgencyA business operated by an agent in conjunction with his/her principal. Credit reference agencyCredit reference agencyAn agency which holds information about the credit reliability of consumers and makes the information available at a fee to companies offering credit terms (e.g. credit card companies, mail order companies). Administrative agencyAdministrative agencyA unit of government charged with the administration of particular laws. In the United States, those most important for administering laws related to international trade are the ITC and ITA. Agency closingAgency closingThe process in which a lender uses a title company or other firm as an agent to complete a loan. Further SuggestionsAgency basisAgency bank Agency Contributions Agency federal agency security Credit reference agency Benefits Agency Fiscal agency agreement Fiscal agency services Federal agency bond Agency cost view Agency incentive arrangement Agency theory Agency securities Central Intelligence Agency Agency problem Multilateral Investment Guarantee Agency (MIGA) Agency costs Sole importing agency Mercantile agency Federal agency securities |
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