What does principal mean in an agency example?
Staff Q&A from the 63Hours team.
Course Q&A
Ask clear questions about the Florida real estate course and learn from course-specific answers.
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The principal is the person on whose behalf the agent is authorized to act. The course uses that relationship to explain why an agent's authority and responsibilities must be identified before judging an action. Do not confuse principal, the person, with principle, a rule or idea, or principal, the amount borrowed in a loan question.
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Discussion prompt: Whose interests is the agent authorized to represent?