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18 Feb 2022
Which of the following is TRUE with respect to designated agency?
- The designation must occur at the time the parties enter into a written agreement
- regardless of who is the designated agent, all the agents in the company owe fiduciary duties to the client**
- once an agent is designated to act for a client, the broker is no longer responsible for protecting confidential information
- The employing broker is always a deal agent in an in-house transaction, and has the responsibility for maintaining confidentiality
Which of the following is TRUE with respect to designated agency?
- The designation must occur at the time the parties enter into a written agreement
- regardless of who is the designated agent, all the agents in the company owe fiduciary duties to the client**
- once an agent is designated to act for a client, the broker is no longer responsible for protecting confidential information
- The employing broker is always a deal agent in an in-house transaction, and has the responsibility for maintaining confidentiality
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