Exclusive Representation
The Seller and Buyer are exclusively represented by separate Agents and separate Firms. The Agent and the Firm are solely representing the interests of their respective clients. This representation arrangement is created through a written Exclusive or Non-Exclusive Brokerage Agreement.
Designated Representation
The Seller and Buyer are exclusively represented by separate Agents within the same Firm. Agents solely represent the interests of their respective clients. This representation arrangement is created through a written Disclosure of Designated Agency or Representation.
Check out information on Dual Representation and Unrepresented Party
Source: www.MattiasClymer.com