Agency


Definition of "Agency"

Relationship between two people or entities in which one is a principal and the other is an agent representing the principal in activities with other parties.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Funding Agency

Individual or organization that provides the mechanism in which financial assets are accumulated for the purpose of paying accrued pension benefits. ...

Government Insurance

Coverage under the auspices of a federal or state agency that can be either mandatory or elective. ...

Agency Contract (agency Agreement)

Rules of conduct and commissions paid to agents. For example, under the rules of conduct agents may be required to submit all of their business to onl ...

Bond (financial)

Corporate or government security that pays interest and obligates the corporation or government agency to pay that interest at the end of specific tim ...

Apparent Authority (perceived Authority)

Specific powers that a prospective insured believes the insurance company has granted to its agent. For example, if the insurance company has furnishe ...

Jurisdiction

Geographical area for which a given governmental agency has authority and responsibility. For example, the jurisdiction of a county court is the count ...

Popular Real Estate FAQ

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS� ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title c ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a treasury index? What is cooperative? What do I need to know about Universal Life Insurance? What does a back-end ratio mean? What is the Tax Benefits of Buying a Home?