ABC Realty represents both the buyer and seller in the same transaction. The broker has appointed Sales Associate Johnson to represent the buyer and Sales Associate Martinez to represent the seller. What type of agency relationship exists?
Correct Answer
B) Transaction brokerage
This is dual agency with designated sales associates because the same brokerage represents both parties but has appointed different sales associates to each party. Transaction brokerage would involve no fiduciary duties. Single agency would mean representing only one party. No brokerage relationship would mean providing no services.
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More Authorized Relationships Disclosures Questions
Consent to transition from single agent to transaction broker in Florida must be:
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