Agency
Under Minnesota law, a designated agency arrangement means:
AThe broker represents both parties personally
BTwo different licensees within the same brokerage each represent one party exclusively✓ Correct
CThe broker designates an attorney to handle the transaction
DA third-party mediator is assigned to the transaction
Explanation
Designated agency in Minnesota allows a brokerage to appoint different licensees within the same firm to exclusively represent the buyer and seller respectively, reducing conflicts inherent in dual agency while still keeping the transaction within one brokerage.
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