Agency
Washington's designated agency arrangement is beneficial because it allows:
AThe firm to collect double commission
BOne broker within the firm to fully represent the seller while a different broker fully represents the buyer✓ Correct
CAll brokers in the firm to represent the buyer simultaneously
DThe designated broker to personally represent both parties
Explanation
Designated agency minimizes the conflict inherent in dual agency by appointing specific brokers within the same brokerage to exclusively represent each party, allowing each client to receive dedicated representation.
Related Washington Agency Questions
- A Washington listing agreement is signed. Before the property is listed on the MLS, the seller tells the broker they need to sell within 30 days due to financial hardship. The broker must:
- In Washington, a seller's 'exclusive right to sell' listing agreement means:
- A Washington buyer's broker learns the buyer has a maximum budget of $700,000 but is offering $625,000. The broker must:
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- A Washington seller refuses to sign a buyer's addendum but verbally tells their agent to 'tell the buyer we'll do it.' The agent relays the message. No written counter was signed. Is this a binding modification to the contract?
- In Washington, an agent who 'puffs' about a property — saying it's 'the best house in the neighborhood' — is:
- A Washington seller's agent learns that the buyer's agent has disclosed the buyer's maximum budget ($650,000) to the listing agent. This disclosure:
- A Washington listing broker who knows the seller's property was used as a meth lab but fails to disclose this to buyers is:
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