Back ratio12/02/2022 Agency 12/02/2022 The relationship between two or more persons wherein the agent is authorized to act on behalf of another person (or principal) in certain transactions Related Articles: Glossary: Conventional loan, or Conventional mortgageGlossary: Department of Veterans Affairs (VA)Glossary: Farmer’s Home Administration (FmHA)Glossary: Federal Deposit Insurance Corporation (FDIC)Glossary: Federal Housing Administration (FHA) Share