Agency
In New Hampshire, designated agency allows:
ATwo brokers from different firms to represent the same buyer and seller
BDifferent salespersons within the same brokerage to represent buyer and seller separately without full dual agency✓ Correct
CA broker to represent multiple sellers simultaneously
DA salesperson to act as a broker for one transaction only
Explanation
Designated agency permits a broker to appoint specific licensees within the firm to represent the buyer and seller separately, limiting the conflict of interest inherent in traditional dual agency.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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