What is an agent or broker?

What is an agent or broker?

• A. Intermediary that brings together buyers and sellers
• B. A direct salesperson
• C. A warehouse manager
• D. A manufacturer representative

Answer: (A)

An agent or broker is someone who acts as an intermediary between buyers and sellers, helping them find each other and complete a deal. They don’t usually own the goods; instead they use market knowledge and networks to connect parties, negotiate terms, and handle the paperwork. They typically earn a commission on the sale. This differs from a direct salesperson, who is employed by the selling company to sell its products directly to customers; a warehouse manager, who focuses on storing and distributing goods; and a manufacturer representative, who sells a specific manufacturer's products to customers rather than acting as an independent intermediary.

An agent or broker is someone who acts as an intermediary between buyers and sellers, helping them find each other and complete a deal. They don’t usually own the goods; instead they use market knowledge and networks to connect parties, negotiate terms, and handle the paperwork. They typically earn a commission on the sale. This differs from a direct salesperson, who is employed by the selling company to sell its products directly to customers; a warehouse manager, who focuses on storing and distributing goods; and a manufacturer representative, who sells a specific manufacturer's products to customers rather than acting as an independent intermediary.