Agency
In Alaska, designated agency means:
AThe broker personally represents all clients in the firm
BThe broker designates different licensees within the firm to separately represent the buyer and seller✓ Correct
CA third-party agent is designated to handle escrow
DOnly one licensee in a firm may be designated to handle commercial property
Explanation
Designated agency allows a broker to assign one licensee in the firm to represent the buyer and another to represent the seller in the same transaction, avoiding traditional dual agency conflicts.
Related Alaska Agency Questions
- An Alaska buyer's agent who represents a buyer purchasing new construction from a developer must know that:
- Which of the following actions would terminate an agency relationship in Alaska by operation of law?
- Subagency in Alaska traditionally meant that a cooperating broker:
- Subagency occurs when:
- A listing agent learns that the seller is willing to accept $20,000 less than the listed price. The agent should:
- An agent who exceeds the scope of authority granted by the principal is acting with:
- The fiduciary duty of 'accounting' requires a real estate agent to:
- When does a seller's listing agency relationship terminate?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →