Agency
Which of the following best describes a subagent?
AAn agent who represents the buyer
BAn agent who represents the seller through another broker✓ Correct
CAn agent who represents neither party
DAn agent who represents both parties
Explanation
A subagent is an agent who represents the principal (usually the seller) through another broker. The cooperating broker acts as a subagent of the listing broker.
Related Arkansas Agency Questions
- A buyer's agent is showing homes to a buyer who has told the agent they are being transferred and must move in 60 days. When negotiating, the agent should:
- If a buyer's agent learns that the buyer's maximum budget is $250,000 while the listing is priced at $230,000, the agent should:
- A net listing in Arkansas is:
- A seller's agent who also acts as a mortgage loan originator for the same buyer in the same transaction would most likely violate:
- Which of the following best describes an 'arm's-length transaction'?
- A transaction broker (non-agent facilitator) in Arkansas owes clients which level of duty?
- In Arkansas, what must occur before a broker can represent both the buyer and seller in the same transaction?
- A buyer's agent discovers that their buyer-client has a maximum budget of $300,000 but the seller is asking $280,000. Under buyer agency, the agent should:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →