What is the primary difference between an agent and a broker? A) ...

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What is the primary difference between an agent and a broker?
 A) An agent gets compensated based on commission while a broker generally charges fees for his services.
  B) A broker works only for a seller whereas an agent can represent a buyer or a seller.
  C) An agent represents a company on a permanent basis while a broker is employed temporarily.
  D) An agent has much more extensive knowledge about the products he deals with than a broker does.
  E) Brokers have long-term relationships with their customers while an agent's relationships are generally short-lived.

Question 2

Limited decision making is used when purchasing frequently bought, low-cost items needing very little decision effort.
 
 Indicate whether the statement is true or false

[Jadwiga9]

Answer to Question 1

C

Answer to Question 2

False

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