Agency
In an Alaska real estate transaction, the listing broker's subagent cooperating broker represents:
AThe buyer
BThe seller✓ Correct
CBoth buyer and seller equally
DNeither party
Explanation
A subagent working in a transaction represents the seller (the principal of the listing broker) even when working directly with the buyer to locate property.
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Key Terms to Know
Seller's Agent (Listing Agent)
A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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