Agency
A Minnesota buyer's agent shows the buyer a property listed by their own brokerage. What type of agency relationship has been created?
ASingle agency with the buyer
BDual agency or designated agency situation✓ Correct
CNo agency - the agent becomes a transaction broker
DFacilitator relationship only
Explanation
When a buyer's agent shows a property listed by the same brokerage, an in-house transaction creates either dual agency (one agent serves both parties) or designated agency (different agents serve each party). Minnesota requires disclosure of this relationship.
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