Agency

2. This is how long we are to keep confidential information confidential
3. the agent of an agent
4. the third party for whom some level of service is provided, but you are not “representing”
5. the relationship in which the agent is held in a position of special trust and confidence by the principal
6. This hyphenated word is when an active licensee is buying or selling personally owned property
7. a middleman between a buyer and/or seller who assists the parties with a transaction without representing them. A licensee who is working with a customer
9. the principal
10. The final step in the agency process
12. This is established when a buyer or seller signs an agency agreement with a brokerage firm

1. the individual who hires the agent and delegates to him or her the responsibility of representing the principal’s interests
4. We owe this duty to clients but not customers
8. The word used to describe that special relationship between a real estate licensee and the person they represent
11. the individual who is authorized and consents to represent the interests of another person