Alberta Real Estate Licensing Exam Practice · Question
Which type of agency relationship allows a single brokerage to represent both the buyer and seller in the same transaction, with the knowledge and consent of both parties?
Designated agency allows a brokerage to represent both buyer and seller in a transaction, with different licensees from the brokerage acting for each client, pr
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Question: Which type of agency relationship allows a single brokerage to represent both the buyer and seller in the same transaction, with the knowledge and consent of both parties?
Answer options:
- Single agency
- Dual agency ✅ Designated agency
- Sub-agency
Correct answer: Designated agency
Explanation: Designated agency allows a brokerage to represent both buyer and seller in a transaction, with different licensees from the brokerage acting for each client, provided proper consent and disclosure.
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