Rights of an agent Right to remuneration– an agent is entitled to get an agreed remuneration as per the contract. Right of lien– an agent has the right to hold back or retain goods or other property of the principal received by him, till the time his dues or other payments are made.

Agent architecture is considered as the functional brain of an agent in making decision and reasoning to solve problem and achieving goals. The purpose of this study is to identify distinctive features of the different types of agent architectures and how they are implemented to solve real world problems.

Biological agents include bacteria, viruses, fungi, other microorganisms and their associated toxins. They have the ability to adversely affect human health in a variety of ways, ranging from relatively mild, allergic reactions to serious medical conditions—even death.

Can a minor be an agent or principal? A minor can never be a principal because Section 183 of the Indian Contract Act for anybody to become a principal he should be of the age of majority and be of sound mind and since a minor is not competent to contract, he also cannot employ an agent.

The position of minor under the Indian Contract Act, 1872 is to be concluded as that a minor cannot enter into a contract and the same would be void ab initio. The minor cannot on attaining majority rely on ratification of the contract made by him during his minority.

10. Indian Contract Act 1872 No estoppel against a minor Where a minor by misrepresenting his age has induced the other party to enter into a contract with him, he cannot be made liable for the contract. It means he is not estopped from pleading his infancy in order to avoid a contract.

A Substituted agent is a person who is named by the Agent for performing such part of the business of the agency as is entrusted to him. 2. Sub-Agent works under the control of the Agent. He is the agent of the Principle. Substituted Agent works under the control of the Principle and he is an agent of the agent.

1. Control: A sub-agent is the agent of the original agent as he works under the control of the agent whereas, a substituted agent is the agent of the principal because he works under the control of the principal. 2.

A subagent is a real estate agent or broker who brings in the buyer to purchase a property, but he is not the property’s listing agent. The subagent usually earns a portion of the commission. Subagents are rare today because of the popularity of buyer’s agents and due to liability concerns.

An escrow agent is a person or entity that holds property in trust for third parties while a transaction is finalized or a disagreement is resolved. The role of escrow agent is often played by an attorney (or notary in civil law jurisdictions).

Sub agency compensation is for a Real Estate licensee, who is not affiliated with or acting as the listing real estate broker for a property, but is engaged to act for or cooperate with the listing broker in selling property as an agent of the Seller.

Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.

At best, they say, dual agents can’t fulfill their fiduciary obligations to both parties. They can’t advance the best interests of both buyer and seller because those interests always diverge. At worst, dual agency creates a harmful conflict of interest.

It is unethical for the agent to lie about multiple offers.

To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.

Dual agency is not illegal in California, but it is a heavily litigated area of real estate law.

Legally and ethically, it is possible for a real estate agent to represent two or more competing buyers on the same property. The real estate agent would have to disclose to all parties that there is a multiple representation situation.

This type of brokerage relationship is called “dual agency”. Georgia law allows real estate brokers to act as dual agents if they first get the written consent of both parties.

Dual agent – A real estate agent may act as a dual agent representing both the buyer and the seller in a real estate transaction but only with both parties’ express consent. Designated agency is when one agent within the firm represents the seller, and another represents a buyer.

With dual agency, one agent works for both the buyer and seller — and keeps the full commission. Dual agency also occurs when agents from the same brokerage represent each party.