Agency
When a designated broker in Arizona assigns one salesperson to represent the buyer and a different salesperson from the same brokerage to represent the seller in the same transaction, this is known as:
AIllegal dual agency in all cases
BDesignated representation (in-house brokerage representation)✓ Correct
CSubagency with written consent
DTransactional brokerage
Explanation
Designated representation (designated agency) allows one licensee within the brokerage to represent the buyer and another to represent the seller in the same transaction. Written consent is required, and confidential information is not shared between the designated representatives.
Related Arizona Agency Questions
- Subagency in Arizona refers to:
- Which of the following best describes an express agency relationship?
- When an Arizona agent represents the seller and introduces the buyer as their own client without a buyer's agreement, creating an inadvertent dual agency, the agent should:
- In Arizona, a real estate licensee who is also a property owner selling their own property:
- In an Arizona real estate transaction, a 'cooperating agent' who brings the buyer to a listed property without a buyer representation agreement may be acting as:
- An agent's duty to 'account' for funds and property means the agent must:
- An Arizona licensee acting as a 'transaction broker' owes which of the following duties?
- In Arizona, which of the following best describes the 'dual fiduciary' problem in dual agency?
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