Agency
Subagency in real estate refers to:
AA second agent hired after the first agent quits
BAn agent who represents the seller through cooperation with the listing broker✓ Correct
CAn unlicensed assistant helping a licensed agent
DA property manager who works under a broker
Explanation
Historically, cooperating brokers/buyer's agents were subagents of the listing broker (and therefore the seller). Today, most buyer's agents represent the buyer, not the seller, but subagency can still exist by agreement.
Related California Agency Questions
- Which statement about open listings is correct?
- In a buyer's agency relationship, to whom does the agent owe fiduciary duties?
- A listing agent who learns the seller is in financial distress must:
- The 'procuring cause' doctrine in real estate refers to:
- A buyer's agent discovers that a home has significant foundation problems not disclosed by the seller. What is the agent's duty?
- What is 'subagency' in real estate?
- Under California law, all real estate salespersons must work under the supervision of:
- Which of the following is NOT a fiduciary duty owed by an agent to a client?
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