Author Question: What is the primary difference between an agent and a broker? A) An agent gets compensated based on ... (Read 61 times)

misspop · **on:** Jun 29, 2018

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