AgencyIntermediateCalifornia Exam

A subagent represents:

ABoth buyer and seller equally, under standard California agency practice

BThe principal through the listing brokerCorrect

COnly the buyer in the transaction, as commonly applied in brokerage relationships

DThe MLS board, consistent with typical listing agreement terms

Why The principal through the listing broker Is Correct

Answer B: The principal through the listing broker

A subagent represents the seller (principal) through the listing broker. Subagency occurs when a cooperating broker assists in selling the property but owes fiduciary duties to the seller, not the buyer.

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

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.

People Also Study

Key Terms to Know

Agency

A 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.

Fiduciary Duty

The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.

Buyer's Agent

A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.

Study This Topic

Agency Law Guide

Practice More California Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free California Quiz →