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3 Cards in this Set
- Front
- Back
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Designated Agent |
A real estate professional authorized by a broker to act as the agent for a specific principal in a particular transaction; also called assigned agent or appointed agent. Or the only sales associate in the company who has a fiduciary responsibility toward the principal. |
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Designated Agency |
A process that accommodates an in house sale in which two different agents are involved. The broker designates one agent to represent the seller and one agent to represent the buyer. |
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Fiduciary |
One in whom trust and confidence is placed; Reference to a real estate professional employed under the terms of a listing contract or buyer representation agreement. |
