Agency
In Indiana, subagency refers to:
AA licensee working for a buyer's agent as an assistant
BAn agent appointed by the listing broker to work with buyers on behalf of the seller✓ Correct
CTwo brokers sharing a commission on one transaction
DA property manager acting on behalf of a landlord
Explanation
Subagency traditionally occurred when cooperating brokers from other firms worked with buyers but owed fiduciary duties to the seller through the listing broker. It has become less common as buyer's agency has expanded.
Related Indiana Agency Questions
- When a seller's agent learns that the buyer's lender has pre-approved the buyer for significantly more than the offer price, the agent should:
- An Indiana broker who negotiates property management contracts and leases without a real estate license is:
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- In Indiana, a broker who represents neither buyer nor seller but assists with the transaction is acting as a:
- Indiana's agency law provides that an agent must avoid:
- An Indiana property manager who discovers that the investment property they manage is being used for illegal drug activity should:
- Indiana's definition of 'substantive contact' that triggers the agency disclosure requirement includes:
- An Indiana listing agent who sells the property to a buyer and receives the full 6% commission (both sides) has engaged in:
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