Agency
Subagency occurs when:
AA buyer hires two agents simultaneously
BThe listing broker extends agency to another broker to bring buyers✓ Correct
CA broker works without a written agreement
DThe seller refuses to pay a commission
Explanation
Subagency is created when a listing broker authorizes cooperating brokers to act as agents of the seller, extending the seller's agency relationship.
Related Indiana Agency Questions
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- A buyer's agent in Indiana who discovers that the seller's property has an unpermitted addition should:
- If a seller's agent learns that their client will accept $10,000 below the listing price, the agent must:
- The fiduciary duty of confidentiality requires an agent to:
- An agent's duty of reasonable care requires the agent to:
- Indiana requires that the agency disclosure form be provided to a consumer:
- An Indiana broker who fails to present all offers to the seller unless instructed otherwise in writing may be in violation of:
- A limited dual agency in Indiana where the agent represents both buyer and seller is permitted only with:
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