Alberta Real Estate Licensing Exam Practice · Question
A real estate brokerage has two designated agents. Agent A represents the seller of a property. Agent B, from the same brokerage, represents a buyer who is interested in purchasing the property listed by Agent A. This situation, where different designated agents within the same brokerage represent opposing parties in a transaction, is characteristic of:
This scenario perfectly describes designated agency in Alberta, where different licensees within the same brokerage can represent a buyer and a seller in the sa
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Question: A real estate brokerage has two designated agents. Agent A represents the seller of a property. Agent B, from the same brokerage, represents a buyer who is interested in purchasing the property listed by Agent A. This situation, where different designated agents within the same brokerage represent opposing parties in a transaction, is characteristic of:
Answer options: ✅ Designated Agency
- Dual Agency
- Sole Agency
- Transaction Brokerage
Correct answer: Designated Agency
Explanation: This scenario perfectly describes designated agency in Alberta, where different licensees within the same brokerage can represent a buyer and a seller in the same transaction, provided each designated agent acts solely for their respective client after proper disclosure and consent, as per the RECA Rules.
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