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Types of agency

Types of agency: Specific types of Agency include:

A) Auctioneers: Are an agent of vendor until the fall of the hammer when they become an agent for the purchaser.

B) Mercantile (or factor) agents: Have control or possession of goods on behalf of a P and can sell them in their own name.

C) Brokers: A general agent who buys and sells on behalf of P but has neither possession or control.

D) Del Credere Agents: A guarantees both sale and payment to P.

E) Partners: Partners are agents of their co-partners.

F) Real Estate Agents: Not strictly agents as the relationship is not strictly P and A as the only power A has is to bring the parties together, so they are better described as stakeholders.

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