Agency
An Indiana broker acts as a sub-agent of the seller when the broker:
ARepresents only the buyer in the transaction
BCooperates with the listing broker by showing the seller's property while owing fiduciary duties to the seller, not the buyer✓ Correct
CActs as a transaction broker for both parties
DRepresents neither buyer nor seller
Explanation
Sub-agency occurs when a cooperating broker (typically a buyer's showing broker) acts as an agent of the listing broker and owes fiduciary duties to the seller rather than to the buyer they are working with.
Related Indiana Agency Questions
- Express agency is created by:
- A buyer who is not represented by an agent and is working directly with the listing agent is best described as a:
- In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
- Indiana requires that the agency disclosure form be provided to a consumer:
- An Indiana property manager who discovers that the investment property they manage is being used for illegal drug activity should:
- An Indiana broker who negotiates property management contracts and leases without a real estate license is:
- An Indiana listing broker who knows the seller's house has a cracked sewer line but does not disclose it to a buyer has:
- The Indiana Agency Disclosure form must be signed:
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