Agency
Designated agency in Utah means:
AThe broker personally handles both sides of the transaction
BDifferent agents within the same brokerage each exclusively represent the buyer and seller✓ Correct
CThe agent is designated as the sole representative for an entire neighborhood
DAn agent from outside the brokerage is brought in to represent the other party
Explanation
In designated agency, the broker appoints different agents within the same brokerage to exclusively represent the buyer and seller, reducing the conflict inherent in traditional dual agency.
Related Utah Agency Questions
- When a Utah principal broker designates one agent to represent a buyer and a different agent to represent the seller in the same transaction, this is:
- The procuring cause doctrine in Utah real estate determines:
- When a Utah seller's agent learns that the buyer has a much higher budget than the buyer has disclosed, the agent must:
- In Utah, 'implied agency' may be created when:
- Utah's agency disclosure form must be provided to consumers:
- In Utah, when does an agent's fiduciary duty to a client end?
- The 'duty of care' owed by a Utah licensee to a customer (non-client) includes:
- The fiduciary duty of confidentiality in a Utah agency relationship means the agent must:
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