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General Principles Of AgencyAgency_typesMEDIUM

A brokerage represents both sides of a transaction, but the broker appoints one licensee to represent the buyer and another to represent the seller. What arrangement is this?

Correct Answer

A) Designated agent

Designated agent is correct because the facts match a licensee appointed by the broker to represent one party in a transaction while another licensee in the same brokerage represents the other party. That is the best description of the relationship, right, or legal concept tested here.

Answer Options
A
Designated agent
B
Transaction broker
C
Facilitator
D
Client

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Related Topics & Key Terms

Key Terms:

agency_typesagencydesignated_agentbrokerage
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