Under Oklahoma law, which of the following statements correctly distinguishes designated agency from dual agency in an in-house transaction at an Oklahoma brokerage?

Correct Answer

B) In designated agency, separate Sales Associates represent each party within the same firm; in dual agency, the same licensee represents both parties.

Under Oklahoma law, designated agency is the arrangement in which the broker designates separate Sales Associates within the same firm to represent the buyer and the seller respectively in the same transaction. This avoids having the same individual represent both parties. Dual agency, by contrast, occurs when the same licensee (or the broker personally) represents both the buyer and the seller simultaneously. Both arrangements require written disclosure and consent, but the key structural distinction is whether one or two licensees are involved.