Question

( True or False)

In a real estate transaction, an individual who acts for and with authority from another, called the principal or client.

Answer 1

In a real estate transaction, an individual who acts for and with authority from another, called the principal or client.

Step-by-step explanation:

In a real estate transaction, an individual who acts for and with authority from another, called the principal or client. This statement is true. In a real estate transaction, a person who represents the buyer or seller is known as a real estate agent or broker. They act on behalf of their client, who is the principal. The agent has the authority to negotiate and execute the transaction on behalf of the client.