What are agents called that represent the seller and the buyer in an Intermediary agency?

What are agents called that represent the seller and the buyer in an Intermediary agency?

• A. Intermediaries
• B. Appointees
• C. Brokers
• D. Principals

Answer: (B)

In an intermediary agency setup, the agents who represent the seller and the buyer are called appointees. The broker serves as the intermediary between the two clients, but the individuals representing each side are appointed by the broker to act for that party. These appointees owe loyalty and fiduciary duties to their respective client while the broker remains neutral and ensures fair dealing between both sides. The term appointee distinguishes the specific licensees chosen to represent each party within the intermediary arrangement, rather than referring to the intermediary concept itself, the clients (principals), or the broker.

In an intermediary agency setup, the agents who represent the seller and the buyer are called appointees. The broker serves as the intermediary between the two clients, but the individuals representing each side are appointed by the broker to act for that party. These appointees owe loyalty and fiduciary duties to their respective client while the broker remains neutral and ensures fair dealing between both sides. The term appointee distinguishes the specific licensees chosen to represent each party within the intermediary arrangement, rather than referring to the intermediary concept itself, the clients (principals), or the broker.