Please respond to the following discussion question

Please respond to the following discussion question
  • In an agency relationship, someone agrees to perform a task for, and under the control of, someone else (the principal). An agent is the person who is acting on behalf of the principal in an agency relationship. Identify three (3) types of agency under the law. Give one (1) example of a time in which you or a co-worker may have acted as an agent. Did you know you were an agent at the time? Did you act on behalf of the company, and if so, how?
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Plainly stated, agency is a relationship between a principal and an agent in which the principle confers to the agent the rights to act on behalf. There are three main broad types of agencies;

Buyer’s agency: this is where an agent represents a buyer in a transaction. The agent needs to be loyal, obedient……………

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