A(n) ________ is a contract a principal and agent enter into that says the principal cannot employ another agent other than the one stated.

Question

Quizplus · Accepted Answer

An exclusive agency contract is an agreement between a principal and agent that restricts the principal from using any other agent except the one identified in the contract. This type of contract is common in real estate transactions, where the agent is given exclusive rights to sell a property for a set period of time.

A(n) ________ Is a Contract a Principal and Agent Enter