Agency
Under Tennessee law, when a buyer and seller in a transaction are both represented by different licensees from the same brokerage, and the principal broker does NOT intervene, this situation is most accurately described as:
ATransactional brokerage
BIn-house dual agency unless proper designated agency procedures are followed✓ Correct
CSubagency
DIndependent agency
Explanation
When two licensees from the same brokerage represent opposite parties without proper designated agency procedures, the firm is technically representing both parties — creating an in-house dual agency. Tennessee requires written consent from both parties in this situation.
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