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Pa Agency Consumer NoticeDesignated_agency_paEASY

In a Pennsylvania designated agency arrangement, the broker of record's primary role is best described as:

Correct Answer

A) A neutral supervisor who ensures the information barrier between designated agents is maintained

In designated agency, the broker of record serves as a neutral supervisor. The broker's primary responsibility is ensuring that confidential information is not improperly shared between the designated agents who represent opposing parties within the same brokerage.

Answer Options
A
A neutral supervisor who ensures the information barrier between designated agents is maintained
B
An advocate for the party who listed the property first
C
A dual agent who represents both parties while the designated agents handle paperwork
D
An arbitrator who resolves disputes between the buyer and seller during negotiations

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Related Topics & Key Terms

Key Terms:

designated_agencybroker_of_recordneutral_supervisorinformation_barrier

Related Concepts

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

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