Agency
Under the law of agency, the principal in a real estate transaction is the:
AReal estate agent
BLender
CClient who hires the agent✓ Correct
DEscrow officer
Explanation
The principal is the party who hires the agent and on whose behalf the agent acts. In real estate, this is typically the buyer or seller who has entered into an agency agreement.
Related Missouri Agency Questions
- A Missouri agent who discloses a buyer's maximum price to the seller without authority has violated the duty of:
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