Agency
In Virginia designated agency, the broker designates separate agents for buyer and seller. What best describes the broker's role in this arrangement?
AThe broker acts as a neutral mediator
BThe broker remains a dual agent while designated agents represent their respective clients✓ Correct
CThe broker has no fiduciary duty to either party
DThe broker represents only the seller
Explanation
In Virginia designated agency, the broker is technically a dual agent but designates separate salespersons to act as single agents for each party. The broker remains a dual agent in the background.
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