Agency
Subagency in Arizona occurs when:
AA buyer's agent shows a property listed by their own brokerage
BA cooperating broker's agent represents the seller's interests through the listing broker✓ Correct
CA broker hires an associate to assist with a transaction
DA dual agent splits their duties between buyer and seller equally
Explanation
Subagency arises when a cooperating broker's licensee works as an agent of the seller through the listing broker. Subagency is less common today due to liability concerns.
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- In Arizona, an agent who shows their own listing to an unrepresented buyer is typically acting as a:Agency
- An Arizona licensee acting as a 'transaction broker' owes which of the following duties?Agency
- In Arizona, at what point must a licensee provide an agency disclosure to a prospective buyer or seller?Agency
- In a transaction brokerage (non-agency) relationship in Arizona, the licensee owes the customer:Agency
Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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