Agency
In Colorado, an 'appointed agent' relationship occurs when:
AA. A broker takes on all clients personally
BB. An employing broker designates specific associate brokers to represent a buyer and seller separately within the same transaction, avoiding dual agency✓ Correct
CC. A client appoints their broker as power of attorney
DD. A broker is appointed by the court
Explanation
Colorado allows 'designated agency' (appointed agent) where the employing broker designates one associate broker to represent the buyer and a different associate broker to represent the seller in the same transaction. This avoids dual agency — each party has their own advocate while the employing broker remains neutral.
Related Colorado Agency Questions
- In Colorado, a 'subagent' in real estate is:
- A Colorado seller's agent is approached by a buyer who wants to make an offer on the listing. If the broker cannot refer the buyer to another broker, the broker may:
- A Colorado listing broker receives an offer significantly below asking price. The broker thinks it is a waste of time. The broker should:
- The Colorado 'Definitions of Working Relationships' form explains which types of brokerage relationships are available. These types are:
- In Colorado, a 'transaction broker' owes which of the following duties to the parties?
- A Colorado seller's agent has a duty of loyalty to the seller. Which of the following actions would violate this duty?
- A Colorado buyer's agent has a fiduciary duty of loyalty, which means the agent must:
- Under Colorado law, a 'designated buyer's agent' in a brokerage firm means:
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