Agency
Which of the following best describes a 'designated agency' arrangement in Nevada?
AOne agent represents both buyer and seller
BA brokerage assigns separate agents to represent buyer and seller within the same firm✓ Correct
CA broker designates a third party to represent a client
DAn out-of-state agent is designated to represent a Nevada client
Explanation
In designated agency, the broker designates one agent within the firm to represent the seller and a different agent to represent the buyer, allowing each party to receive full representation even when both are clients of the same brokerage.
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