True or False: Licensees acting as designated sales associates can give a Designated Sales Associate Notice.

The statement is true because designated sales associates are specifically authorized to represent clients in real estate transactions while maintaining their own independent status within a brokerage. In jurisdictions where this arrangement is applicable, designated sales associates can deliver a Designated Sales Associate Notice to inform the parties involved about the nature of their business relationship and the level of representation being provided. This practice helps clarify to clients their rights and the responsibilities of the licensees, ensuring transparency and compliance with regulatory requirements.

Other possible answers do not accurately reflect the role of designated sales associates. The option indicating that this is only applicable in residential transactions overlooks the nature of designated sales associates, as their designation can apply to both residential and commercial transactions depending on state regulations. Similarly, stating that only commercial transactions apply or that licensees cannot provide the notice fails to understand the flexibility and intent of this designation in facilitating effective representation across various types of real estate dealings.