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Business Dictionary :
Agency and Agent
Agency and Agent
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Agency : noun :
(a) office or job of representing another company in an area
• They signed an agency agreement or an agency contract.
Sole Agency = agreement to be the only person to represent a company or to sell a product in a certain area
• He has the sole agency for Ford cars.
(b) office or business which arranges things for other companies
Advertising Agency = office which plans or designs and manages advertising for companies
Employment Agency = office which finds jobs for staff
Estate Agency = office which arranges for the sale of properties
News Agency = office which distributes news to newspapers and television stations
Travel Agency = office which arranges travel for customers
NOTE : plural is agencies
Agent : noun :
(a) person who represents a company or another person in an area
• To be the agent for IBM
Sole Agent = person who has the sole agency for a company in an area
• He is the sole agent for Ford cars.
Agent's Commission = money (often a percentage of sales) paid to an agent
(b) person in charge of an agency
• Advertising Agent
• Estate Agent
• Travel Agent
• Commission Agent = agent who is paid by commission, not by fee
• Forwarding Agent = person or company which arranges shipping and customs documents
• Insurance Agent = person who arranges insurance for clients
• Land Agent = person who runs a farm or a large area of land for the owner
(c) US (business) agent = chief local official of a trade union
