A broker is an agent who is authorised to sell the principal's property without being in possession of the property. This means that the broker is authorized to act on behalf of the principal to find potential buyers and negotiate the sale of the property, but they do not physically hold or own the property themselves.

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A Broker Is

Question 48

Multiple Choice

A broker is:

A) an agent who is authorised to sell the principal's property without being in possession of the property.
B) an agent who is authorised to sell the principal's property while being in possession of the property.
C) a principal who is authorised to sell the agent's property without being in possession of the property.
D) a principal who is authorised to sell the agent's property while being in possession of the property.

Correct Answer: