How do agents differ from brokers?
A) Agents receive commissions.
B) Brokers take title to merchandise, but agents do not.
C) Brokers provide information services to customers, but agents do not.
D) Agents take title to merchandise, brokers do not.
E) Agents deal in the product lines of a few producers usually on a long term basis, whereas brokers match sellers and buyers as needed.

Question

Quizplus · Accepted Answer

Agents typically have ongoing relationships with a select number of producers, representing their product lines exclusively or primarily. Brokers, on the other hand, operate on a more transactional basis, matching buyers and sellers as needed. The other options are not accurate distinctions between agents and brokers.

How Do Agents Differ from Brokers