Where the managing broker intends to represent one of the parties in an in - house transaction, another member of the brokerage would have to assume the managing broker's supervisory responsibilities in order to ensure the brokerage fulfills its responsibilities and to ensure the managing broker and other
designated agent involved in the transaction fulfill their responsibilities as designated agents for their respective clients.
Not exact matches
For this reason, licensees who operate as teams and who therefore share confidential information concerning their clients are not able to act as the
designated agent on behalf of another person in a transaction
involving the first client.
I would guess that 3 + out of 10 real estate transactions
involve a conflict of interest by a dual
agent or
designated agent or whatever other name the industry chooses to use.
Take for example the following quote: «I would guess that 3 + out of 10 real estate transactions
involve a conflict of interest by a dual
agent or
designated agent or whatever other name the industry chooses to use.»