An example of a principal/agent relationship. What duties apply to each party in the example? This pertains to LAW/531, business law class. In most genuine property exchanges, the land merchant goes about as an operator for another person the important who looks to offer to acquisition from or trade with an outsider genuine stuff or a business chance. The land merchant additionally might be following up to extra or other to arrange a credit the reimbursement of which is protected straightforwardly or by implication by the genuine property. As a specialist, the land licensee is approved to speak to the licensee's primary with third persons in genuine property or genuine property secured exchanges.