Agency
What is 'designated agency'?
AWhen the DRE assigns an agent to a transaction
BWhen a broker designates specific agents to represent the buyer and seller separately within the same brokerage✓ Correct
CWhen an agent is designated as the only agent in a county
DWhen two brokerages agree to share a listing
Explanation
Designated agency allows a broker in a dual agency situation to assign one agent to represent the buyer and another agent from the same brokerage to represent the seller. This allows each party to have dedicated representation while the broker remains a dual agent.
Related California Agency Questions
- A 'designated agency' arrangement in California refers to:
- The duty of 'reasonable care and diligence' requires a real estate agent to:
- The 'duty of obedience' requires a real estate agent to follow all lawful instructions of the principal. Which instruction would an agent be JUSTIFIED in refusing?
- A listing agent tells potential buyers that the seller 'is highly motivated and needs to sell quickly.' This statement is:
- Which of the following best describes 'agency' in real estate?
- When does an agency relationship typically terminate in a listing agreement?
- The duty of 'obedience' in agency law means an agent must:
- The California Agency Disclosure law (Civil Code §2079) requires an agent to provide the Agency Disclosure form to buyers and sellers at what point in the transaction?
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