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The Legal Blog brought to you by NVAR's Professional Standards department helps you stay on top of the latest rules and regulations in the industry.

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What is a designated agent and what services can a designated agent provide?

Aug 23, 2016

Agency

Question: What is a designated agent and what services can a designated agent provide?

Answer: “Designated Agent” or “Designated Representative” means a licensee who has been assigned by a principal or supervising broker to represent a client while a different client in the same transaction is represented by another “licensee” affiliated with the same principal or supervising broker in a transaction. (The designated broker remains the “dual agent” in the transaction.) A designated agent provides full representation to his or her client.
Group(s):
  • Agency