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 ?
Never once in his professional career did he return to the United States, though he occasionally contemplated doing so and in 1867, just before his death, was negotiating a suitable contract with theatrical agents in New York City (Marshall and Stock 327-28).
Just in case you rarely venture into BBC3 territory, thinking it's all Family Guy and Sun, Sex and Suspicious Parents, Jack Whitehall has been presenting this chat shoW since late 2013 With the help of his father, former theatrical agent Michael.
Former Lib Dem MP Mark Oaten, TV presenter Ulrika Jonsson, former Army officer James Hewitt, 7/7 hero Paul Dadge, celebrities Abi Titmuss and Calum Best, and Michelle Milburn, a theatrical agent, will all receive settlements.
Even her grandad was a successful theatrical agent. Eight months pregnant, the Silent Witness star is keen to find out where all this dramatic talent comes from.
Presenting pair Lucy Owen and husband Rhodri took time out of their busy schedules to check out the new restaurant, as did Welsh it-girl and TV presenter Sara Hunter, Cardiff City captain Mark Hudson and Welsh theatrical agent Stifyn Parri.
Allred argued the babies should have a court-appointed guardian and a separate theatrical agent to ensure they receive their share of any money earned by their fame.
Annie Ashworth, an author, and Natasha Roderick-Jones, a former theatrical agent and bookseller to the Althorp Literary Festival, are organising the event.
Frank Ferguson, also contributing a comical turn as a flaming theatrical agent who's obsessed with his walking stick.
Theatrical agent Norman North, who has McGregor and Devlin as clients, added: "The project is at the early stage, but Ewan would certainly be ideal, given his passion for motorbikes."
Alan Davies is the supersleuth, although new mum Caroline Quentin has been replaced by Julia Sawalha as pushy theatrical agent Carla Borrego.
Because it turns out it cost pounds 28,000 and was given to him by theatrical agent CHERYL BARRYMORE, Michael Barrymore's ex.
Theatrical agent Richard Stone VC, a long-time owner with Geoff Lewis and, recently, Nigel Hamilton, has died in a London hospital.