Agency
A Michigan designated agency arrangement means:
AThe broker represents only sellers, never buyers
BSeparate licensees within the same brokerage are designated to represent the buyer and seller respectively✓ Correct
CThe state designates an agent for unrepresented parties
DBoth parties share one agent who is neutral
Explanation
In designated agency, the broker assigns different agents within the firm to represent the buyer and the seller separately, minimizing the conflicts of dual agency while allowing in-house transactions.
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