{"data":{"id":"us-ky/krs-324.121","jurisdiction":"us-ky","citation":"KRS 324.121","heading":"Designation of licensee as exclusive agent -- Effect of designation --","body":"Availability of dual agency.\n(1) A principal broker may designate one (1) or more affiliated licensees to act as agent\nfor a seller or lessor, to the exclusion of all other license es affiliated with the\nprincipal broker. A principal broker may designate one (1) or more affiliated\nlicensees to act as agent for a buyer or lessee, or prospective buyer or lessee to the\nexclusion of all other licensees affiliated with the principal broke r. The designation\nprocedure shall be made in writing and communicated to all licensees affiliated with\nthe principal broker. The designated agent shall inform and obtain the consent of the\nbuyer or lessee, or prospective buyer or lessee to the designation . The designated\nagent shall inform and obtain the consent of the seller or lessor to the designation.\nThe principal broker shall not designate himself or herself as a designated agent.\n(2) If a principal broker designates one (1) or more licensees to repr esent the seller and\none (1) or more other licensees to represent the buyer or the prospective buyer in the\nsame transaction, only the principal broker or a designated manager working under\nthe principal broker's direction shall be deemed to be a dual agen t representing the\nseller and buyer in a limited fiduciary capacity. As a dual agent, the principal broker\nor designated manager shall keep confidential information relating to either party in\nan individual file that shall be maintained and accessed by the  principal broker or\ndesignated manager only. As a dual agent, the principal broker or designated\nmanager shall not disclose to either party confidential information learned relative\nto the other party. Except as set forth in subsection (3) of this section , this\ndesignation shall not affect the principal broker's or designated manager's agency\nrelationships in cooperative sales between consumers separately represented by\nnonaffiliated principal brokers or designated managers.\n(3) No exchange of information or knowledge between or among consumers, whether\nthe seller, buyer, lessor, or lessee, and the principal broker, the designated manager,\nthe firm, or the licensees shall be imputed as a matter of law in any real estate\ntransaction.\n(4) Nothing in this sect ion shall prevent a real estate brokerage firm or licensee from\nentering into a dual agency relationship with consumers in a real estate transaction.","path":["KRS Chapter 324"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=31571","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:19Z","sha256":"a08ac1950712da580e4a0a7fc16532406197e0313a66c28f98f274792595022d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-324.120","next":"us-ky/krs-324.130"},"notice":"GroundRules: Original legal text. Not legal advice."}