Agency
Under Colorado law, a 'designated buyer's agent' in a brokerage firm means:
AThe principal broker always represents all buyers personally
BA specific broker in the firm is designated to represent the buyer's interests, while another is designated for the seller✓ Correct
CThe buyer has chosen their agent from a government-approved list
DAll agents in the brokerage represent the buyer equally
Explanation
Designated brokerage in Colorado allows different agents within the same brokerage firm to represent the buyer and seller separately in the same transaction, with each serving as the designated representative of their respective client.
Related Colorado Agency Questions
- Under Colorado law, which of the following would NOT be considered an adverse material fact requiring disclosure?
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