You need to know – What is agency law?

YouNeedToKnowWeb500Agency law is an area of commercial law dealing with the set of relationships that involve a person (called an agent) who is authorized to act on behalf of another (called the principal) to create a legal relationship with a third party

Agency law is rooted in common law

The Brokerage Relationship Disclosure Act relates to the brokerage relationships that are created in real estate business