Which term describes someone who acts as an agent for another?

Which term describes someone who acts as an agent for another?

• A. Agency
• B. Subagency
• C. Fiduciary
• D. Commission

Answer: (C)

A fiduciary is someone who acts for another with trust and loyalty, handling duties in the other person’s best interests. In real estate, a licensed agent serves a principal and must place the principal’s interests above their own, protecting confidentiality, disclosing relevant information, and negotiating loyally and competently. This trusted, duty-bound relationship is what defines a fiduciary, making it the best fit for describing someone who acts as an agent for another. The other terms don’t describe the person in the same way: agency refers to the relationship itself, not the individual; subagency is a specific brokerage arrangement; and commission is the fee earned, not the person who acts on behalf of another.

A fiduciary is someone who acts for another with trust and loyalty, handling duties in the other person’s best interests. In real estate, a licensed agent serves a principal and must place the principal’s interests above their own, protecting confidentiality, disclosing relevant information, and negotiating loyally and competently. This trusted, duty-bound relationship is what defines a fiduciary, making it the best fit for describing someone who acts as an agent for another.

The other terms don’t describe the person in the same way: agency refers to the relationship itself, not the individual; subagency is a specific brokerage arrangement; and commission is the fee earned, not the person who acts on behalf of another.