Agency
In Maine, 'subagency' means:
AAn agent who works under a buyer's agent
BAn agent from another brokerage who, with authorization, works on behalf of the listing broker's principal✓ Correct
CAn unlicensed assistant helping a licensee
DA licensee working part-time
Explanation
Subagency exists when a cooperating broker from another company, with authorization, assists the listing broker's seller-client. The subagent owes fiduciary duties to the seller.
Related Maine Agency Questions
- In Maine, which of the following activities by a real estate agent would NOT constitute an independent contractor relationship (and might imply employment)?
- A Maine buyer's agent who negotiates aggressively on behalf of their buyer-client is fulfilling the duty of:
- Under Maine law, a listing agent who fails to disclose that the property is located in a flood zone (a material fact) may be liable for:
- Under Maine law, a real estate agent 'facilitating' a transaction (as a transaction broker) is different from a 'dual agent' primarily because:
- In Maine, a buyer's agent who discloses the buyer's financial capacity to the listing agent without authorization has breached which duty?
- Under Maine's designated agency rules, the designated buyer's agent within a real estate company owes the buyer:
- In Maine, a real estate agent who tells a buyer that a property is in a good school district when the agent has no knowledge of the schools is:
- Maine law allows a listing broker to offer compensation to cooperating buyer's agents. This offer of compensation must be made through:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →