Question: Caveat Emptor

Answer: Let the buyer beware.

Question: Agent

Answer: The individual who is authorized and consents to represent the interests of another person

Question: Subagent

Answer: One who is employed by a person already acting as an agent(such a a provisional broker licensed under a broker-in-charge)

Question: Pricipal

Answer: the person who hires and delegates to the agent through a brokerage contract the responsibility of representing that persons best interests.

Question: Agency

Answer: The fiduciary relationship between the principal and the agent

Question: Subagency

Answer: The fiduciary relationship between the subagent and the principal.

Question: Fiduciary

Answer: A relationship in which the agent is placed in the position of trust and confidence to the principal

Question: Client

Answer: Principal

Question: Customer

Answer: The third party for whom some level of service is provided by an agent of another party, but who is not represented by the agent.

Question: Universal Agent

Answer: