Agency
In Massachusetts, designated agency means:
ATwo brokers from different firms representing opposite parties
BOne broker representing both parties simultaneously
CThe broker designates specific salespersons within the same firm to represent buyer and seller separately✓ Correct
DAn attorney designates the closing agent
Explanation
Designated agency in Massachusetts allows a broker to designate different licensees within the same firm to represent the buyer and seller respectively, avoiding traditional dual agency conflicts.
Related Massachusetts Agency Questions
- Under Massachusetts agency law, a designated agency arrangement allows:
- In Massachusetts, a buyer who receives false information from a listing broker (who represents the seller) may have a claim against the listing broker for:
- In Massachusetts, a 'designated agency' arrangement means:
- A Massachusetts broker in a transaction fails to present all offers to the seller. This violates the seller's right to:
- In Massachusetts, if a listing broker and a buyer's broker are both employed by the same brokerage firm, the firm may act as a:
- Under Massachusetts law, if a seller refuses to pay commission after a sale is consummated through the broker's efforts, the broker may:
- Under Massachusetts law, a buyer's agent who shows properties listed by their own brokerage must disclose to the buyer that:
- In Massachusetts, a real estate agent who learns during a transaction that the buyer intends to use the property for an illegal purpose must:
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