Michigan Real Estate Exam Practice Question
An advantage of a designated agency agreement is that:
Correct Answer: A
Rationale: A designated agency agreement allows both the seller and buyer to receive representation from the same firm, ensuring that both parties have access to professional guidance while maintaining their interests.
Option B is misleading; while one agent may represent both parties, this could lead to conflicts of interest, which designated agency aims to mitigate. Option C is incorrect as designated agency agreements typically involve fees for services rendered. Finally, option D is wrong because, in a designated agency, the listing agent must act impartially, not as the buyer’s agent, to uphold the interests of both clients.
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