What term describes the situation where a principal broker and an appointed licensee represent a client, with no other licensees at the firm involved?

The term that accurately describes a situation where a principal broker and an appointed licensee represent a client, with no involvement from other licensees at the firm, is designated agency. In this arrangement, the principal broker designates another licensee to handle a particular client's needs while the broker retains responsibility for the overall agency relationship. This allows for clear and focused representation for the client while ensuring that the principal broker oversees the conduct and operations of the agency.

In designated agency, the clients receive individual attention since only specific licensees in the firm are involved in their transaction. This structure is particularly advantageous in situations where multiple clients or transactions exist within the same brokerage, ensuring that the confidentiality and loyalty obligations are maintained.

Understanding this term is essential for navigating the roles and responsibilities of various parties in real estate transactions.