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AgencyAgency_typesEASY

Under the Idaho Agency Disclosure Act, when a brokerage assigns one of its licensees to represent the buyer and a different licensee within the same firm to represent the seller in the same transaction, this arrangement is best described as which type of agency?

Correct Answer

C) Designated agency

Designated agency occurs when a brokerage assigns separate licensees from within the same firm to represent the buyer and the seller independently. This arrangement is recognized under Idaho law and reduces the conflict of interest that arises in limited dual agency, because each client has a dedicated advocate within the firm.

Answer Options
A
Buyer agency
B
Dual agency
C
Designated agency
D
Seller agency

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Related Topics & Key Terms

Key Terms:

designated_agencyagency_typesidaho_agency_disclosure_actbrokerage_representation

Related Concepts

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

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