Agency
In Maine, a 'subagent' of the listing broker owes fiduciary duties to:
AThe buyer who hired the subagent
BThe seller (principal) through the listing broker✓ Correct
CBoth buyer and seller equally
DOnly the listing broker
Explanation
A subagent acts on behalf of the listing broker's principal — the seller. In the traditional subagency model, even cooperating buyer's agents who accept subagency owe duties to the seller, not the buyer.
Related Maine Agency Questions
- Maine's 'Understanding Agency' (Consumer Information Statement) explains to consumers that a buyer's agent owes the buyer:
- In Maine, when a listing agent's client (seller) receives a full-price offer but with conditions the seller dislikes, the agent should:
- A Maine listing agent who receives an offer from an unrepresented buyer must:
- A Maine buyer's agent who represents a buyer in multiple transactions with the same seller may have a conflict of interest and should:
- In Maine, a transaction broker (limited agent) owes which of the following duties to BOTH parties?
- When a Maine seller's agent has a buyer-client for their own listing, one way to handle this conflict is to:
- A Maine listing agent who is showing their own listing to a buyer without buyer representation should advise the buyer that:
- A Maine seller's agent who discovers their seller's property has a failing septic system not yet disclosed must:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →