What Are Different Types Of Agents? The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee). What is the meaning and types of agents? Definition: An agent is a person who represents an insurance firm and sells insurance policies on its behalf. Description: Generally, there
What Is A Special Agency? A special agent in real estate is an agent hired to perform a specific duty for a client. The agent’s authority is limited to the specific job for the client. A listing agent hired to sell a client’s home is an example of a special agent. What is a special
What Is The Agent? An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. … The person represented by the agent in these scenarios is
What Is The Common Law Of Agency? CREATION OF AGENCY. An agency is the legal relationship whereby one person, an agent, is authorized by another, a principal, to act on that person’s behalf, and is empowered to do what the principal could lawfully do in person. What does the phrase the law of agency is
What Does A General Agent Do? A brokerage general agent is an independent firm or contractor working for an insurance company. A brokerage general agent’s main role is to sell one or more insurance products to select insurance brokers. Brokers then sell the policies to their clients. What is an example of a general agent?