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Published byWORKING WITH A REALTOR (DESIGNATED AGENCY)PAGE 1 OF 3AN EXPLANATION OF THE RELATIONSHIP BETWEEN YOU AND A REALTOR AND OF THE COLLECTION, USE AND DISCLOSURE OF PERSONAL INFORMATIONYOUR

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What is designated agency?

Designated agency refers to a specific type of agency relationship where a broker designates an agent to represent a client's interests in a transaction, while other agents in the same office may represent opposing parties.

Who is required to file designated agency?

Typically, real estate brokers and agents involved in transactions that require disclosure of agency relationships must file designated agency documentation.

How to fill out designated agency?

To fill out designated agency forms, one must provide the name of the designated agent, the client being represented, and the details of the property or transaction involved.

What is the purpose of designated agency?

The purpose of designated agency is to ensure that clients have a clear understanding of who represents their interests and to maintain confidentiality and loyalty in the transaction.

What information must be reported on designated agency?

Information that must be reported includes the names of the parties involved, the specific agent designated, the nature of the relationship, and any relevant transaction details.

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