What term is described as another name for a broker?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the New Jersey Title Agent Exam with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

What term is described as another name for a broker?

Explanation:
In real estate terminology, a broker is another name for an agent because both refer to a licensed professional who represents a client in a transaction. The broker acts on behalf of the buyer or seller, exercising fiduciary duties. The term principal refers to the client themselves, not the broker. A customer is someone who isn’t represented, and an assistant is support staff, not the licensed representative. So the best fit is the agent.

In real estate terminology, a broker is another name for an agent because both refer to a licensed professional who represents a client in a transaction. The broker acts on behalf of the buyer or seller, exercising fiduciary duties. The term principal refers to the client themselves, not the broker. A customer is someone who isn’t represented, and an assistant is support staff, not the licensed representative. So the best fit is the agent.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy