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JANUARY 2020, 20.01 “Agent Agency Over the course of the last several years, professionalism has been a concern of a large portion of Wisconsin REALTORS. Therefore, the Wisconsin REALTORS Association
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The term 'agent agency' typically refers to an entity or individual that acts on behalf of another person or organization, particularly in business or legal contexts.
Individuals or entities that have appointed an agent to act on their behalf in business transactions or legal matters are generally required to file 'agent agency' documentation.
To fill out 'agent agency' documentation, one must provide details such as the principal's name, the agent's name, the scope of authority granted to the agent, and any relevant dates.
The purpose of 'agent agency' documentation is to formally establish and outline the relationship between the principal and the agent, including the agent's authority to act on behalf of the principal.
Information that must be reported includes the identities of both the principal and the agent, the nature of the agency relationship, the specific powers granted, and any limitations on those powers.
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