Agency
In an in-house transaction where the same brokerage represents both buyer and seller, the broker may avoid dual agency by using:
AA neutral third-party mediator
BDesignated agency, assigning different agents within the firm to each party✓ Correct
CA single agent with client consent only
DThe transaction coordinator as the neutral party
Explanation
Designated agency allows a broker to assign different agents within the same firm to represent each party separately, giving each party full fiduciary representation without creating a formal dual-agency situation.
Related Arkansas Agency Questions
- Under Arkansas law, must a seller disclose that a murder occurred in the home?
- Under Arkansas law, an agent must disclose to a buyer that they have a personal financial interest in a transaction. This is required by the duty of:
- Which of the following is an example of an expressed agency relationship?
- In Arkansas, a buyer's agent owes which of the following duties to the buyer-client?
- A subagent in a real estate transaction owes primary fiduciary duties to:
- A licensee who assists a buyer in a transaction but does not represent them is most accurately described as a:
- The agency relationship between a listing broker and seller is typically created by:
- A subagent is best described as:
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