Concurrent agency in Colorado is addressed by which arrangements?

• A. Designated agency
• B. Transaction broker
• C. Both designated agency and transaction broker
• D. No formal arrangement

Answer: (C)

Concurrent agency in Colorado means one brokerage may represent more than one party in the same transaction, but the arrangement must be properly structured. Colorado allows two recognized frameworks for this: designated agency and transaction broker.

In designated agency, the broker assigns specific licensees to represent each party. Each designated agent owes fiduciary duties to their client—loyalty, confidentiality, and full disclosure—while the broker remains capable of coordinating the overall deal. This setup preserves separate client relationships even though the same brokerage is involved.

In a transaction broker arrangement, the licensee acts as a neutral facilitator for all parties, helping with the transaction without representing either side as a fiduciary. Duties are more limited, focusing on honesty, fair dealing, and disclosure of known material facts, rather than loyalty to a single client.

Both structures require clear, written disclosures about the agency relationship and the role being undertaken, disclosed at the first substantial contact with a party. Since Colorado recognizes both designs for handling concurrent agency, the best answer is that concurrent agency is addressed by either designated agency or transaction broker arrangements.