Agency
In a Minnesota designated agency arrangement, both buyer and seller are clients of the same brokerage. The broker assigns different agents to each party. What is the PRIMARY benefit of this arrangement?
AAgents can share confidential client information freely
BEach client receives full fiduciary representation✓ Correct
CThe brokerage earns a higher commission
DThe transaction closes faster
Explanation
Designated agency allows each client to receive full fiduciary representation from their designated agent, even though both work for the same brokerage. This is preferable to dual agency, where one agent must balance conflicting duties.
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