Agency
What is 'designated agency' in Nevada and how does it address dual agency concerns?
ADesignated agency occurs when NRED assigns an agent to a client
BDesignated agency is when the broker designates different agents within the same brokerage to represent the buyer and seller separately — reducing conflicts compared to dual agency by providing each party with an advocate✓ Correct
CDesignated agency is only permitted in commercial transactions in Nevada
DDesignated agency eliminates all agency duties in Nevada
Explanation
Designated agency (in-house agency) allows a broker to designate one agent to represent the buyer and a different agent within the same brokerage to represent the seller. Each designated agent provides full representation to their respective client.
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