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.
