Agency
A subagent in a real estate transaction owes primary fiduciary duties to:
AThe buyer
BThe seller/principal✓ Correct
CBoth buyer and seller equally
DAREC
Explanation
A subagent works through a cooperating broker but owes fiduciary duties to the original principal (typically the seller). The subagent relationship means the cooperating agent is also the seller's agent.
Related Arkansas Agency Questions
- Under Arkansas law, an agent must disclose to a buyer that they have a personal financial interest in a transaction. This is required by the duty of:
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- Which of the following would MOST likely terminate an agency relationship?
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