Designated Agent. As an alternative to Single Agency, in a Designated Agent relationship, one or more affiliated licensees are designated by their principal broker to act as an agent for a client who is a buyer or seller, or a lessor or lessee, to the exclusion of all other licensees affiliated with that principal broker. The principal broker shall not designate himself or herself as a designated agent. None of the other licensees affiliated with the principal broker represent the client in the transaction. Reference KRS 324.121(1).
Appears in 3 contracts
Samples: Real Estate Sales and Purchase Contract, Real Estate Sales and Purchase Contract, Real Estate Sales and Purchase Contract
