What term is described as another name for a broker?

Prepare for the New Jersey Title Agent Exam. Utilize flashcards and multiple choice questions, each equipped with hints and detailed explanations. Boost your confidence and get ready for your title agent licensing 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.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy