Agency
In Louisiana, a subagent is a licensee who:
ARepresents the buyer in a transaction
BIs appointed by the listing broker to assist in marketing the property, owing fiduciary duties to the seller✓ Correct
CWorks directly for the buyer under a buyer agency agreement
DRepresents neither party as a transaction facilitator
Explanation
A subagent is a licensee appointed by the listing broker (with the seller's consent) to assist in marketing and selling the property. The subagent owes fiduciary duties to the seller, not to the buyer, even though the subagent may be working with a buyer.
Related Louisiana Agency Questions
- A Louisiana salesperson receives an earnest money deposit from a buyer. Who is legally responsible for the proper handling of these funds?
- When a seller's agent learns that the buyer is willing to pay significantly more than the offering price, the agent should:
- A seller's agent in Louisiana may NOT disclose to a buyer:
- In Louisiana, an agency relationship may be created by all of the following EXCEPT:
- A listing broker has a fiduciary duty to the seller that includes:
- In Louisiana, a real estate broker may act as a 'principal' in a transaction when they are:
- Which of the following best describes a 'designated agency' arrangement in Louisiana?
- In Louisiana, if a buyer's agent discovers a material defect in a property, the agent must:
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