Question

What does "Multiple representation without designated agency" mean in real estate?

A. Multiple agents representing one client without a designated representative.
B. Several clients represented by a single agent without specific assignment.
C. Multiple agents working independently without collaboration.
D. Representing multiple parties with designated agents for each.

Answer 1

Multiple representation without designated agency in real estate refers to several clients being represented by a single agent without specific assignment.

Step-by-step explanation:

In real estate, 'Multiple representation without designated agency' refers to option B, which means several clients are represented by a single agent without specific assignment. This occurs when a real estate agent works with multiple clients simultaneously, without each client having a designated agent of their own.

For example, if an agent is helping three different clients buy houses without assigning a specific agent to each client, that would be considered multiple representation without designated agency.