Which of the Following Statements Is True About Agents and Brokers

question 46

Multiple Choice

Which of the following statements is true about agents and brokers?

• A)Both agents and brokers legally represent the company.
• B)Both agents and brokers represent the buyer.
• C)Both agents and brokers are compensated by the insurer.
• D)A broker legally represents the company, whereas an agent represents the buyer.
• E)Both agents and brokers are compensated by the insured.

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Definitions:

Pituitary Gland

A pea-sized gland located at the base of the brain, crucial for regulating vital body functions and general wellbeing through hormone secretion.

Neuroendocrine Cells

Neurons that produce neurohormones.

Neurohormones

Hormones produced by neuroendocrine cells; transported down axons and released into interstitial fluid; common in invertebrates; in vertebrates, the hypothalamus produces neurohormones.

Interstitial Fluid

A fluid that fills the spaces between cells in tissues, providing nutrients and removing waste from cells.