Agency
In Delaware, which statement about sub-agency is TRUE?
ASub-agency is always in the best interest of the seller
BSub-agency exists when a cooperating broker's agent assists the buyer but is actually an agent of the seller through the listing broker✓ Correct
CSub-agency is required under Delaware agency law
DSub-agency creates a fiduciary relationship with the buyer
Explanation
Sub-agency exists when a cooperating broker and their agent assist a buyer but are legally agents of the seller (through the listing broker). Sub-agency is declining because it does not serve buyers' interests — they receive no representation.
Related Delaware Agency Questions
- An agent's duty of accounting requires:
- An agency coupled with an interest cannot be terminated by the principal at will because:
- What is 'apparent authority' in a Delaware real estate agency relationship?
- If a buyer's agent learns that the seller is under financial distress, the agent's obligation is to:
- Under Delaware law, the listing broker is required to present ALL offers to the seller:
- A subagent in Delaware is an agent who:
- Which fiduciary duty obligates an agent to promptly deliver all offers and information relevant to the transaction?
- In Delaware, what is the duty of a licensee regarding 'advice and counsel' in an agency relationship?
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