Alberta Real Estate Licensing Exam Practice · Question
Which of the following best describes 'designated agency' in Alberta?
Designated agency allows a brokerage to represent both sides by assigning separate agents to each, mitigating conflict.
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Question: Which of the following best describes 'designated agency' in Alberta?
Answer options: ✅ A brokerage designates different real estate professionals in the same brokerage to represent opposing parties in a transaction.
- A single real estate professional represents both the buyer and the seller in a transaction.
- A real estate professional is designated by RECA to represent a client on a pro bono basis.
- A client designates a specific real estate professional to handle all their transactions for life.
Correct answer: A brokerage designates different real estate professionals in the same brokerage to represent opposing parties in a transaction.
Explanation: Designated agency allows a brokerage to represent both sides by assigning separate agents to each, mitigating conflict.
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