Subagency in Arizona refers to:
Why An agent of the seller's broker who also represents the seller's interests Is Correct
Answer B: An agent of the seller's broker who also represents the seller's interests
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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Related Arizona Questions
- Subagency in Arizona occurs when:Agency
- In Arizona, an agent representing a buyer in a transaction where the listing agent represents the seller is called:Agency
- An Arizona listing agent who represents the seller has a duty to present all offers to the seller:Agency
- An Arizona listing broker who hires a buyer from an open house without disclosing to that buyer that the broker represents the seller is:Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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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