Agency
In Colorado, 'sub-agency' means:
AThe buyer's broker working for the listing broker as their sub-agent✓ Correct
BAn agent working under the supervision of an employing broker
CA broker who assists another broker on a referral basis
DThe transaction broker relationship
Explanation
Sub-agency historically existed when a buyer's broker was considered an agent of the listing broker (and by extension, the seller). Colorado has largely moved away from sub-agency with the transaction broker model, but sub-agency can still be created by written agreement.
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