Agency Business Contract

Definition

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 business in TRASER DMS 365 e.g. to sell a service item on behalf of a selling customer to a purchasing customer.