Agency
Subagency in Louisiana means:
AA salesperson who works under a broker
BAn agent who represents the principal through another agent's authority✓ Correct
CA broker who hires part-time agents
DA referral relationship between two brokers
Explanation
Subagency occurs when a broker delegates authority to another broker or agent to act on behalf of the principal, creating an agency relationship between the subagent and the original principal.
Related Louisiana Agency Questions
- In Louisiana, a listing broker who represents a seller in a transaction where no buyer's broker is involved owes which duties to the unrepresented buyer?
- In Louisiana, a real estate team member who is not licensed may NOT:
- A Louisiana licensee should NOT disclose which of the following to any party without the client's consent?
- In Louisiana, a 'fiduciary' relationship in real estate agency means the agent must act with the highest degree of good faith, with the principal's interests taking:
- In Louisiana, which of the following best describes the concept of 'informed consent' in a dual agency situation?
- When a seller's agent learns that the buyer is willing to pay significantly more than the offering price, the agent should:
- When a Louisiana seller's agent learns the buyer is being transferred and must close within 30 days, this information:
- When a Louisiana real estate team operates, all team members must:
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