Agency
In Pennsylvania, 'designated agency' allows a broker to:
ARepresent both buyer and seller without disclosing the arrangement
BAssign one licensee to represent the buyer and a different licensee to represent the seller, within the same brokerage✓ Correct
CRefer clients to other brokerages when a conflict arises
DAct solely as a transaction licensee without fiduciary duties
Explanation
Designated agency in Pennsylvania allows a broker to designate one licensee within the firm to exclusively represent the buyer and another licensee to exclusively represent the seller in the same transaction. This avoids the conflicts inherent in full dual agency.
Related Pennsylvania Agency Questions
- A Pennsylvania licensee who represents a buyer and has been asked by a seller's agent to 'disclose your buyer's bottom line' should:
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