Question

When a brokerage commits to practicing designated agency, they are saying that a client will have an exclusive agency relationship with only the named individuals in the agency agreement and no one else in the brokerage.

a. True
b. False

Answer 1

The statement "When a brokerage commits to practicing designated agency, they are indeed stating that a client will have an exclusive agency relationship with only the named individuals in the agency agreement and no one else in the brokerage." is true because when a brokerage commits to practicing designated agency, they are pledging that a client will have an exclusive agency relationship with only the specifically named individuals in the agency agreement, not any other agents within the same brokerage.

Step-by-step explanation:

A brokerage practicing designated agency means that a client will only have an exclusive relationship with the named individuals in the agency agreement, which is true.

Designated agency allows for better protection of each client's confidential information since the responsibility for that client is designated only to specific agents within a brokerage, rather than being shared among all agents in the brokerage.