Agency
In Maine, a subagency relationship exists when:
AA broker represents both buyer and seller
BA cooperating broker works on behalf of the listing broker's principal (seller)✓ Correct
CTwo brokers share a commission equally
DA broker hires an unlicensed assistant
Explanation
Subagency occurs when a cooperating broker (such as a buyer's broker in an MLS system without buyer agency) works as a subagent of the listing broker, owing loyalty to the seller rather than the buyer.
Related Maine Agency Questions
- In Maine, a buyer's agent must present all offers the buyer wishes to make, even if the agent believes the offer is not competitive. This reflects the duty of:
- Under Maine license law, can a listing broker be liable for misrepresentations made by a salesperson working under them?
- Under Maine law, when must a licensee provide the 'Understanding Agency' disclosure form to a buyer?
- In Maine, the agency relationship between a broker and client is typically created by:
- Under Maine agency law, a seller's agent owes which duty to the buyer?
- A Maine listing agent who discovers their seller has not disclosed a known roof leak should:
- A Maine seller's agent discovers a material defect in the property during a showing. Their duty is to:
- Dual agency in Maine is:
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