What term describes someone who receives possession of another's property for sale on commission?

The term that accurately describes someone who receives possession of another person's property for sale on commission is "factor." A factor is specifically a type of agent who holds and sells goods on behalf of a principal, typically dealing with a range of goods, rather than being limited to one specific transaction. This agent is often responsible for not only selling the products but also managing the credit and collection process associated with those sales, earning a commission for their services.

In contrast, while an agent also facilitates transactions and represents another party, their functions can vary, and they may not always take possession of the property or goods themselves. A broker generally acts as an intermediary to connect buyers and sellers but does not typically take physical possession of the goods for sale. A joint venturer refers to parties who come together in a business arrangement for a specific project or venture, sharing profits and losses, but this term does not pertain directly to the sale of property on commission by an individual.