What best describes the relationship when a broker funds a condominium project with exclusive sales rights?

The situation described involves a broker funding a condominium project while having exclusive sales rights, which establishes a specific type of agency relationship known as agency coupled with an interest. This concept occurs when an agent (in this case, the broker) has a vested interest in the property or project, typically through financial investment or funding. This provides a direct incentive for the agent to act in the principal's best interests, as their financial stake aligns them with the desired outcome of the project’s success.

Agency coupled with an interest creates a strong contractual obligation between the broker and the developer or seller, as the broker's financial involvement means they not only represent the seller's interests but also have something tangible to gain from successful sales. This differs from the other agency options; for example, exclusive agency implies the agent's representation without a financial stake, while general agency indicates a broader authority without specific ties to property ownership. Disclosed dual agency refers to a scenario where an agent represents both the buyer and seller, which does not apply in this context where the broker has funded a project.

Thus, the correct choice accurately reflects the unique circumstances of the relationship established in this situation.