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15.2.1 All definitions undergo from inadequacies however essentially agency is defined as the relationship which arises the place one individual generally known as the agent acts for one more often known as the principal. By means of the acts of the agent, the principal and a third social gathering could also be brought into a contractual relationship. The agent may also have the ability to eliminate property of the principal to a third party. Usually the agent´s acts have such effect because the principal has licensed the agent to do the acts in question and the agent has agreed.

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Our mistake was that we did not have our own agent. One that would have explained all this to us, why it was wanted and so on. But we still didn't realise this at that time, we just assumed that this agent (named A) was helping us. Little did we all know "A" was actually the homeowners agent and we had no 'claim' on him in any respect. Anyway, we had the appointment with the owner (named "H") and his agent (named "A"). The cheque was given to the agent and we signed the contract for the standard two years. e) Scratches within the entrance main door - see photo The most important lesson we discovered over all this is that you SHOULD ENGAGE YOUR INDIVIDUAL AGENT and not depend on the owners agent as his priority is to the proprietor not you. Have passed one of the real estate industry's examinations;