A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson, or broker, for the principal, but also as a guarantor of credit extended to the buyer.
A del credere agent only becomes liable to pay the principal after the buyer defaults on payment and is not liable for any other issues that might arise between buyer and seller.
Auction houses are the most common example of a del credere agency.
Understanding Del Credere Agency