14.4 Types of Agent

By scope: special (one transaction), general (a class of business), universal (all the principal's affairs); By function (the mercantile five): the factor (entrusted goods to sell in his own name — possession-based); the broker (negotiates, no possession, earns commission); the del credere agent (extra commission to guarantee the buyer's payment — the agent-surety hybrid); the auctioneer (authority for the sale and receipt); the commission agent (buying/ selling on commission); Modern Nepali practice: insurance agents, travel agents, real-estate brokers, the market's dalal — agency in everything but the name; the lawyer-client relation (the wakalatnama's authority) a professional agency.