Agency
Designated agency in Kentucky means:
AThe principal broker represents both buyer and seller
BDifferent licensees within the same firm represent the buyer and seller separately✓ Correct
CThe state designates an agent for unrepresented parties
DA licensee from another state is designated to handle a transaction
Explanation
Designated agency allows a Kentucky brokerage firm to designate different licensees to represent the buyer and seller separately, avoiding dual agency conflicts.
Related Kentucky Agency Questions
- Which of the following is NOT a fiduciary duty owed by a Kentucky buyer's agent to their client?
- A listing broker in Kentucky owes which of the following duties to an unrepresented buyer?
- In Kentucky, the Seller's Disclosure of Conditions form is required for:
- A subagent in a Kentucky real estate transaction represents:
- A Kentucky listing agent's fiduciary duty of loyalty requires the agent to place the seller's interests:
- A Kentucky seller's agent receives a very low offer. The agent's duty is to:
- A Kentucky single agent who represents only the seller learns the buyer is planning to ask for a price reduction based on a minor defect. The seller's agent should:
- A Kentucky licensee who acts as a buyer's agent must present the buyer with a written agency disclosure:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →