Agency
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:
ADual agency
BSubagency
CDesignated agency✓ Correct
DLimited agency
Explanation
Designated agency occurs when a principal broker appoints separate agents within the same brokerage to individually represent each party in a transaction, allowing each client to have their own agent with undivided loyalty.
Related Utah Agency Questions
- Designated agency in Utah means:
- Utah requires that an agency disclosure be provided to a buyer or seller:
- A Utah buyer's agent who agrees to receive compensation from the seller (through the MLS offer of compensation) must disclose this to:
- When a Utah licensee provides real estate services without a written agency agreement, the agency relationship that may be implied is called:
- A Utah buyer's agent who writes an offer significantly below market value on behalf of their buyer must:
- In Utah, the agency disclosure form must be provided:
- In Utah, the agency relationship between a broker and client is most effectively created by:
- Utah's agency disclosure form must be provided to consumers:
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