Which of the following statements provides the most accurate distinction between an agent and a broker?
A) Agents represent final buyers while brokers represent marketing intermediaries.
B) Agents represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
C) Agents develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
D) Agents take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

Question

Quizplus · Accepted Answer

Both agents and brokers help negotiate exchanges between buyers and sellers. Agents and brokers are also similar in that neither takes title to the goods they distribute. The major difference is that agents maintain long-term relationships, while brokers are used on a temporary basis.

Which of the Following Statements Provides the Most Accurate Distinction