Alberta Real Estate Licensing Exam Practice · Question
A buyer is interested in purchasing a property listed by 'Bridgeview Realty'. The buyer approaches 'Bridgeview Realty' directly and requests to be represented by one of their associates, who then drafts an offer. For this transaction, 'Bridgeview Realty' and its associates are operating under which type of relationship model?
This scenario perfectly describes designated agency, where two different associates from the same brokerage are designated to represent the seller and the buyer
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Question: A buyer is interested in purchasing a property listed by 'Bridgeview Realty'. The buyer approaches 'Bridgeview Realty' directly and requests to be represented by one of their associates, who then drafts an offer. For this transaction, 'Bridgeview Realty' and its associates are operating under which type of relationship model?
Answer options: ✅ Designated Agency
- Sole Agency
- Transaction Brokerage
- Dual Agency
Correct answer: Designated Agency
Explanation: This scenario perfectly describes designated agency, where two different associates from the same brokerage are designated to represent the seller and the buyer respectively, each owing full fiduciary duties to their individual client.
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