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AgencyDesignated AgencyMEDIUM

A South Dakota real estate broker assigns one sales agent to represent the buyer and another to represent the seller in the same transaction. This is called:

Correct Answer

B) Designated agency

Designated agency (also called appointed agency) occurs when a broker designates one agent to represent the buyer and a different agent to represent the seller within the same brokerage, allowing each party to have their own representative.

Answer Options
A
Dual agency
B
Designated agency
C
Single agency
D
Transaction brokerage

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Related Topics & Key Terms

Related Topics:

dual-agencysingle-agencybrokerage-supervisionconflict-of-interest

Key Terms:

designated agencyappointed agencyseparate agentssame brokeragefull representation
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