In Most States, a Broker Cannot Act as an Agent

question 54

True/False

In most states, a broker cannot act as an agent for both buyer and seller unless both parties consent.

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Definitions:

Rivalry

The characteristic displayed by certain goods and services that consumption by one person precludes consumption by others.

Buys

The act of acquiring goods or services in exchange for money.

Product

Any good, service, or idea that can be offered to a market to satisfy a want or need.

Majority

Majority refers to more than half of a particular group or quantity, often used to describe the greater part of a population or collection.