Agency
A subagent owes fiduciary duties to:
AOnly the cooperating broker
BThe principal of the original agent (typically the seller in a traditional listing)✓ Correct
CThe buyer exclusively
DNo one; subagents owe no fiduciary duties
Explanation
A subagent works under the principal broker and owes the same fiduciary duties to the principal (the seller, in a seller's listing) as the listing agent. Subagency is less common in California today due to buyer's agency agreements.
Related California Agency Questions
- A buyer's agent owes which fiduciary duties to their client? (OLD CAR)
- The duty of 'reasonable care and diligence' requires a real estate agent to:
- Under California law, which of the following disclosures is the listing agent required to make to a buyer?
- Under California law, a real estate broker who manages property for clients must maintain a separate trust account for client funds. Mixing client funds with the broker's personal funds is called:
- A listing agreement is a contract between:
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?
- Which type of listing agreement gives the broker the most protection and guarantees a commission regardless of who sells the property?
- A real estate agent must disclose their agency relationship to all parties:
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