Designated Sales Associates

Definition: Two real estate licensees assigned to represent the buyer and seller as single agents in a nonresidential transaction.  The buyer and seller must have assets of $1 million or more and sign disclosures declaring their assets meet the mandatory threshold.

Pronunciation: \ˈde-zig-ˌnāt-ed\ \ə-ˈsō-shē-ˌāt, -sē-\

Used in a Sentence:   By having designated sales associates for the transaction, there was no conflict of interest.

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