Respuesta :
Upon signing a management contract with an owner, a broker becomes an agent.
Who are agents?
Agents are individuals saddled with the responsibility of representing and protecting the interest of their principals in business or business transactions, agents have fiduciary duty of ensuring the interest of principal is prioritized and should eschew any situations where their personal interests conflict with that of the principal that has engaged them since the principal also has an obligation to pay them the desired remuneration
In essence, upon entering into a management contract with a business owner, the broker becomes an agent of the principal on whose behalf he would act.
Find out more about agency on:https://brainly.com/question/26253714
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