Agency
Under Virginia law, a 'designated agent' is a licensee who:
AIs designated by VREB to handle complex transactions
BIs appointed by the principal broker to represent one client in a transaction where the firm represents both buyer and seller✓ Correct
CHas received special certification from NAR
DRepresents only commercial property clients
Explanation
A designated agent is one appointed by the principal broker to exclusively represent one client (buyer or seller) in a transaction, even though the firm also represents the other party. This allows the firm to avoid full dual agency.
Related Virginia Agency Questions
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