Agency
Under Colorado law, a 'designated broker' in a large brokerage may be assigned to represent only one party in a transaction where other brokers in the same office represent the other party. This is called:
ADual agency
BIn-house transaction brokerage
CDesignated agency or intra-company agency✓ Correct
DConstructive agency
Explanation
Designated agency (intra-company agency) allows a large brokerage to designate one agent as the seller's agent and another as the buyer's agent within the same transaction. This avoids the traditional dual agency conflict while still allowing the brokerage to represent both sides.
Related Colorado Agency Questions
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- Under Colorado's brokerage relationship statutes, which type of relationship is presumed unless otherwise agreed in writing?
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