In Colorado, a 'subagent' in real estate is:
Why B. A broker who is authorized by the listing broker to represent the seller's interests to potential buyers — historically common but rare now due to disclosure requirements Is Correct
Answer B: B. A broker who is authorized by the listing broker to represent the seller's interests to potential buyers — historically common but rare now due to disclosure requirements
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
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Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
State-Specific Concepts
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