Agency
In Texas, a 'designated agent' differs from an intermediary in that a designated agent:
ARepresents both parties simultaneously without appointment
BIs appointed by the intermediary broker to exclusively represent one party with full advocacy rights✓ Correct
CIs a sub-agent of the listing broker
DOnly handles administrative tasks
Explanation
When a broker acts as an intermediary, they may appoint designated agents (associated license holders) to exclusively represent each party. The designated agent for the buyer can fully advocate for the buyer; the designated agent for the seller can fully advocate for the seller. The broker remains neutral as intermediary.
Related Texas Agency Questions
- A Texas buyer's agent who finds out their buyer client has accepted financing for a property other than the one in their current contract is obligated to:
- Under Texas law, the Information About Brokerage Services (IABS) notice must be provided:
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- In Texas, an 'intermediary' broker is one who:
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- The Texas IABS (Information About Brokerage Services) notice must be provided in which scenario?
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