Question

A relationship that permits one agent in a brokerage to represent the buyer and another in the brokerage to represent the seller in the same transaction. Also called assigned agency or designated agency.

A. Dual agency
B. Exclusive right to sell
C. Open listing
D. Net listing

Answer 1

Dual agency is the relationship described in the question, where one agent in a brokerage represents the buyer and another agent represents the seller in the same transaction.

Step-by-step explanation:

The relationship described in the question is known as dual agency. Dual agency occurs when one agent in a brokerage represents the buyer and another agent in the same brokerage represents the seller in the same real estate transaction. This arrangement can create a potential conflict of interest and requires careful management to ensure fairness and compliance with relevant regulations.