This assignment is to Define and Discuss on Nature of Agency. Any person who is the age of majority according to regulations to which he is actually subject, and who is actually of sound mind, may employ a real agent. Any person may be a real estate agent, even a Minor. A acting as agent can bind the primary to third parties. But any small is not himself prone to his principal. An ‘Agent’ is a person who worked to do any act for another or to represent another in dealings with third person.