The Main Difference Between Agents and Brokers Is That Agents

question 149

True/False

The main difference between agents and brokers is that agents perform a wide array of marketing functions while brokers only negotiate exchanges between buyers and sellers.

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Definitions:

Irrevocable

Unable to be changed, revoked, or undone; permanent.

Preincorporation Subscriptions

Agreements by investors to purchase stock in a corporation that is yet to be formed.

Promoter

An individual or company that helps to raise capital, organize, and establish a corporation or project, often taking on both financial and legal responsibilities in the early stages.

Preliminary Steps

Initial actions or measures taken as preparation for a more significant process or project.