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Agent Carlos works at Bayside Realty and has been showing buyer Elena homes for three weeks under a signed buyer agency agreement. Carlos finds a property listed by a different agent at Bayside Realty, agent Priya, who represents the seller. The broker at Bayside Realty wants to keep both sides of the transaction in-house. Which arrangement would allow Carlos to continue representing Elena exclusively while Priya continues representing the seller exclusively under Rhode Island law?

Correct Answer

B) Designated agency with written consent from both Elena and the seller, with the broker serving as the dual agent

Under R.I. Gen. Laws § 5-20.6, designated agency allows the broker to designate Carlos to exclusively represent Elena (buyer) and Priya to exclusively represent the seller, while the broker holds dual agent status. Written consent from both Elena and the seller is required. This preserves exclusive representation at the licensee level while keeping the transaction in-house.

Answer Options
A
Dual agency with written consent from Elena and the seller, with Carlos and Priya each acting as dual agents
B
Designated agency with written consent from both Elena and the seller, with the broker serving as the dual agent
C
Seller agency conversion, where Carlos converts to a seller's agent and Priya represents both parties
D
Cooperative agency, where Carlos and Priya share fiduciary duties equally between both clients

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Related Topics & Key Terms

Key Terms:

designated_agencybuyer_agencyin_house_transactionwritten_consent
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