I've decided to add a Word of the Day to my blog. I will choose words pertaining to the Real Estate Business.
Today's Word:
Agency(or agency relationship) A relationship in which one person delegates authority to another person to act for or to represent him(e.g., the relationship between a principal and agent, or an employer or proprietor and independent contractor). The general law of agency and the Florida Real Estate License Law (Chapter 475.F.S.) directly affect the relationships between a real estate licensees and their principals (i.e., employers or clients)
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