An agent is a person or business authorized to act on behalf of another person or company (called the principal).

An Agent must act according to the principal’s instructions, honestly and in good faith and protect the principal’s interests

An agent usually earns a commission and does not own the goods being sold. In short, an agent is a representative who acts for another party in business or legal matters.

Examples:

• Sales agent selling products for a company
• Real estate agent arranging property sales
• Insurance agent selling insurance policies