14. An employing broker who designates one associate broker to work as a sellers agent and one to work as a buyers agent has what sort of agency relationship?
Answer: C
No agency with either the buyer or the seller
In this scenario, the employing broker designates one associate broker to represent the seller and another to represent the buyer, which establishes that there is no direct agency relationship with either party for the employing broker.
A) Dual agency
Dual agency occurs when a single agent represents both the buyer and the seller in a transaction. In this case, since the brokers are designated separately for each party, dual agency does not apply.
B) Limited agency with both the buyer and the seller
Limited agency would suggest that the agent has some level of authority to act on behalf of both parties. However, with separate agents assigned to the buyer and seller, this situation does not meet the criteria for limited agency.
C) No agency with either the buyer or the seller
This option is correct because the employing broker does not represent either the buyer or the seller directly; instead, the associate brokers are individually representing their respective clients. Thus, the employing broker maintains a neutral position without agency obligations.
D) Single agency with the seller and no agency with the buyer
Single agency indicates that the broker represents only one party in a transaction. However, since there is a designated associate broker for the buyer, this option misrepresents the nature of the agency relationship by asserting that the employing broker has no agency with the buyer.
Conclusion
The correct answer is "no agency with either the buyer or the seller" because the employing broker has designated separate agents for each party, thus eliminating any direct agency obligations. All other options fail because they either misinterpret the nature of the agency relationships or incorrectly assert dual representation.