Business / Real Estate / Agent: One authorized to represent and to act on behalf of another person (called the principal). Unlike an employee, who merely works for a principal, an agent works in the place of a principal. The main difference between an agent and an employee is that the agent may bind his or her principal by contract, if within the scope of authority, whereas an employee may not unless given express authorization.
Agent Noun Synonyms: representative, intermediary, go-between, proxy, emissary, delegate, spokesman, spokeswoman, spokesperson, deputy, substitute, surrogate, advocate, emissary, legate, envoy, factor
Business / Finance / Principal-Agent Relationship: Occurs when one person, an agent, acts on the behalf of another person, the principal. MORE
Business / Real Estate / Universal Agent: A person empowered to do anything the principal could do personally. The universal agents authority to act on behalf of the principal is virtually unlimited. MORE