The third party is the final variable to consider when an agency relationship is formed.
The third party is the individual with whom the agent and principal enter into real estate negotiations. The third party is also sometimes referred to as the customer. This individual may be a prospective seller, buyer, landlord, or tenant - anyone who expresses real interest in completing a contract toward the sale, purchase, or rental of real property and is both ready and able to do so.
In short, the third party is the person the agent is not representing.
a) True
b) False