Agency
An Arizona designated agency arrangement means:
AThe broker acts as a dual agent in all transactions
BDifferent salespersons within the same brokerage represent the buyer and seller separately✓ Correct
CA neutral third-party agent is appointed by the court
DOnly one agent in the state is designated to handle foreclosures
Explanation
Designated agency in Arizona allows a broker to designate different agents within the same brokerage to represent the buyer and seller separately, reducing the conflicts inherent in dual agency.
Related Arizona Agency Questions
- Which document in Arizona formally establishes a buyer's agency relationship with a brokerage?
- In Arizona, when a licensee represents a buyer, all offers submitted by that licensee to the seller must:
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:
- A seller tells their listing agent: 'Do not tell any buyer that we are divorcing and need to sell quickly.' The agent SHOULD:
- Which of the following BEST describes a buyer's agent in Arizona?
- In Arizona, which document is used to establish a formal buyer representation relationship and define the broker's compensation?
- Which fiduciary duty requires an agent to place the client's interests above all others, including the agent's own interests?
- When does an agency relationship in Arizona typically terminate?
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