InvestorWords.com

agency

Definitions (2)

1. Name for the arrangement where an agent intermediates between buyers and sellers and charges a commission for his participation. The agent buys and sells for the account of the client, but the client assumes all risk.

2. More generally, the relationship between a principal and an agent.

Featured Tip

How to Find Government Incentives for First-Time HomebuyersWhen buying a house, look into government incentives for first-time homebuyers, low- or moderate-income families and other borrowers. Eligible applicants can save on the interest rate, closing costs, ... Read more