The Real Estate Encyclopedia
What Is Designated Agency?
Category - Home Buying Questions - Search & Offer FAQ's

Designated agency is a brokerage practice that allows the managing broker in a single brokerage firm to designate different licensees in the firm to act as representatives of the seller and the buyer, respectively. Designated agency avoids the problem of dual agency. The designated agents give their respective clients full representation and loyalty. The broker has the responsibility of supervising both licensees.

 
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Home Buying Questions - Search & Offer FAQ's
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