Delaware License LawIntermediateDelaware Exam
What is a 'designated agency' in Delaware real estate?
AAn arrangement where a single salesperson represents both buyer and seller
BAn arrangement where the broker designates different affiliated licensees to represent the buyer and seller in the same transactionCorrect
CA system where the broker represents all clients personally
DA franchise arrangement between two brokerages
Why An arrangement where the broker designates different affiliated licensees to represent the buyer and seller in the same transaction Is Correct
Answer B: An arrangement where the broker designates different affiliated licensees to represent the buyer and seller in the same transaction
Designated agency allows the broker to designate specific licensees (agents) within the same brokerage to represent the buyer and seller separately in the same transaction, providing each party with their own advocate.
Key Delaware License Law Terms in This Question
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