agent

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Related to theatrical agent: talent agent, Commercial Agent

Agent

A party appointed to act on behalf of a principal entity or person. In context of project financing, refers to the bank in charge of administering the project financing.

Agent

A person who acts on behalf of an organization or another person. Agents have a fiduciary responsibility to act in the best interests of the principal. Common examples of agents include brokers and attorneys. See also: Agency theory, Agency problem, Agency costs.

agent

An individual or organization that acts on behalf of and is subject to the control of another party. For example, in executing an order to buy or sell a security, a broker is acting as a customer's agent.

Agent.

An agent is a person who acts on behalf of another person or institution in a transaction. For example, when you direct your stockbroker to buy or sell shares in your account, he or she is acting as your agent in the trade.

Agents work for either a set fee or a commission based on the size of the transaction and the type of product, or sometimes a combination of fee and commission.

Depending on the work a particular agent does, he or she may need to be certified, licensed, or registered by industry bodies or government regulators. For instance, insurance agents must be licensed in the state where they do business, and stockbrokers must pass licensing exams and be registered with NASD.

In a real estate transaction, a real estate agent represents the seller. That person may also be called a real estate broker or a Realtor if he or she is a member of the National Association of Realtors. A buyer may be represented by a buyer's agent.

agent

a person or company employed by another person or company (called the PRINCIPAL) for the purpose of arranging CONTRACTS between the principal and third parties. An agent generally has authority to act within broad limits in conducting business on behalf of his or her principal and has a basic duty to carry out the tasks involved with due skill and diligence.

An agent or broker acts as an intermediary in bringing together buyers and sellers of a good or service, receiving a flat or sliding scale commission or fee related to the nature and comprehensiveness of the work undertaken and/or value of the transaction involved. Agents and agencies are encountered in one way or another in most economic activities and play an important role in the smooth functioning of the market mechanism. A stockbroker, for example, acts on behalf of clients wishing to buy and sell financial securities; an estate agent acts as an intermediary between buyers and sellers of houses, offices, etc.; while an insurance broker negotiates insurance cover on behalf of clients with an insurance company. A recruitment agency performs the services of advertising for, interviewing and selecting employees on behalf of a company. In addition to the role of agents as market intermediaries, organizational theorists have paid particular attention to the internal relationship between the employees (‘agents’) and owners (‘principals’) of a company See PRINCIPAL-AGENT THEORY.

agent

a person or company employed by another person or company (called the principal) for the purpose of arranging CONTRACTS between the principal and third parties. An agent thus acts as an intermediary in bringing together buyers and sellers of a good or service, receiving a flat or sliding-scale commission, brokerage or fee related to the nature and comprehensiveness of the work undertaken and/or value of the transaction involved. Agents and agencies are encountered in one way or another in most economic activities and play an important role in the smooth functioning of the market mechanism. See PRINCIPAL-AGENT THEORY for discussion of ownership and control issues as they affect the running of companies. See ESTATE AGENT, INSURANCE BROKER, STOCKBROKER, DIVORCE OF OWNERSHIP FROM CONTROL.

agent

One who acts on behalf of a principal in an agency relationship. See agency for an extended discussion.

References in periodicals archive ?
The daughter of theatrical agent Joseph Collins and his wife, Elsa, neither parent had ambitions for their daughters, but Joan became an actress while Jackie half-heartedly followed in her sister's footsteps before becoming a writer.
Alan is survived by his wife, Shirley, son David and daughter Janet, a theatrical agent who lives on Tyneside with her husband, Max Roberts, artistic director of the Live Theatre, and their two sons.
Michael Grade was born in 1943, the son of theatrical agent Leslie Grade and nephew to ITV founder Lew Grade
30pm A down-on-his-luck theatrical agent bumps into a man he believes could make him a fortune - if only he can persuade him to take up acting.
THERE'S a scene in my all-time favourite movie, Broadway Danny Rose, in which Woody Allen - in the title role of a theatrical agent - is giving one of his acts a pep talk.
ACTRESS Julia Sawalha is well known for playing the downtrodden Saffy in Ab Fab so people might be surprised when they see her latest TV role as a toughtalking theatrical agent.
She will play theatrical agent Carla Borrego, who helps solve a murder.
His theatrical agent, Storm Artist Management in London, last night refused to comment on the suggested name change.
When a slimy theatrical agent, Ray (Caine), spots her talent while on a romp with Mari, he sees dollars signs and a way out of the small English coastal town he has been trapped in.
Lord Falkland, once a theatrical agent and motorcyclist, but now 63, launched the charge with hands in pockets and a 13- minute exposition of his concerns.
KRISTIN TARRY is a theatrical agent at The Narrow Road Company which is based in Soho, London:
His years as a theatrical agent mean that Michael shouldn't be phased by dealing with celebrities, and he probably has past experience when it comes to dealing with artistic temperaments.