Agency Business Contract
Definition
CAUTION!
Please note that agency businesses are only permitted in Germany. The following description does not contain any information on applicable tax law.
For more information on agency businesses, please contact your tax advisor or auditor.
In an agency business contract, a brokering agent acts in the name and on the account of a client and receives a commission. Agency business contracts are used primarily for selling used vehicles and machines. Unlike a proprietary business, the brokering agent is never the owner of the items.
You can process agency businesses in TRASER DMS 365, e.g., to sell a service item on behalf of a selling customer to a purchasing customer.