If an Employing Broker designates one seller agent and one buyer's agent, what is the status of agency?

When an Employing Broker designates one agent to represent the seller and another to represent the buyer, this situation establishes clear, defined roles for each agent. This is characteristic of single agency, where each agent exclusively represents only one party in the transaction, safeguarding the interests of either the seller or the buyer.

In this arrangement, dual agency is not applicable because there is no single agent acting on behalf of both parties. Instead, the Employing Broker's delegation means that both agents operate independently, maintaining fiduciary duties to their respective clients.

Since agency relationships are specifically established by designating exclusive representation for one party at a time, it reinforces the concept of single agency within the context of Colorado real estate regulations. The absence of an agent representing both parties also eliminates any potential for conflicts of interest that would typically arise in a dual agency scenario.