An Agent May Legally Accept Fees or Gratuities from Third

question 8

True/False

An agent may legally accept fees or gratuities from third parties with whom he or she is dealing on behalf of the principal without the principal's knowledge as long as the agent does not use any money gained for recreational purposes.

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Definitions:

Programmed Solution

Predetermined responses or solutions to routine problems or issues.

Rules Of Thumb

Simple, general principles or guidelines that are not based on precise calculations, but are used to make quick decisions or estimations.

Routines

Repetitive sequences of actions regularly followed in daily operations or processes.

Well-Known

Being widely recognized or familiar to many people.