What is 'subagency' in real estate?
Why When a cooperating broker or salesperson represents the seller through the listing broker, creating an agency relationship with the seller even while working with the buyer Is Correct
Answer B: When a cooperating broker or salesperson represents the seller through the listing broker, creating an agency relationship with the seller even while working with 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
People Also Study
Related Delaware Questions
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:Agency
- Under Delaware agency law, what duty requires an agent to place the client's interests above their own?Agency
- A Delaware buyer's agent shows a property that is listed by the same brokerage. This creates what type of agency?Agency
- In a designated agency arrangement in Delaware, two licensees from the same firm each represent one party. The broker:Agency
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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same 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.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →