Agency
A Maine real estate company that represents both buyers and sellers in many transactions uses designated agency to avoid:
AAll disclosure requirements
BImputed knowledge and undivided loyalty conflicts inherent in traditional dual agency✓ Correct
CThe need for written agency agreements
DState licensing requirements
Explanation
Designated agency allows a brokerage to represent both buyer and seller in a transaction by designating different agents for each party, reducing the conflicts of undivided loyalty and imputed knowledge that arise in traditional dual agency.
Related Maine Agency Questions
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