Agency
Designated agency means:
AOne agent represents both buyer and seller
BThe broker designates different agents within the same firm to represent the buyer and seller separately✓ Correct
CAn agent is appointed by a court to represent a party
DThe listing broker also represents the buyer without disclosure
Explanation
In designated agency, the broker designates one agent from the firm to exclusively represent the buyer and a different agent from the same firm to exclusively represent the seller, allowing each party to receive full fiduciary representation.
Related Arkansas Agency Questions
- In Arkansas, dual agency occurs when a broker represents:
- In Arkansas, when a licensee works with a buyer but has NO written buyer-agency agreement, the licensee is presumed to be:
- The fiduciary duty of CONFIDENTIALITY requires an agent to:
- An agent's fiduciary duty of LOYALTY means the agent must:
- When does an agency relationship with a seller typically terminate?
- A net listing in Arkansas is:
- The duty of OBEDIENCE requires an agent to:
- A licensee who assists a buyer in a transaction but does not represent them is most accurately described as a:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →