Agency (alternative)
Under Maryland law, a subagent is an agent who:
AWorks directly for the buyer
BIs appointed by an agent to assist in performing agency duties, with the principal's consent✓ Correct
CIs a licensee at a cooperating brokerage with no subagency relationship
DRepresents neither buyer nor seller
Explanation
A subagent is appointed by an agent to assist in carrying out the agency with the principal's knowledge and consent, owing the same duties to the principal as the original agent.
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Related Maryland Questions
- Under Maryland law, which type of agency relationship allows one licensee to represent both buyer and seller in the same transaction with written consent?Agency
- In a Maryland dual agency arrangement, the agent must obtain written consent from:Agency
- Under Maryland's agency law, the duties of a seller's agent to the seller include all of the following EXCEPT:Agency
- A Maryland buyer's agent who also represents the seller in the same transaction without written consent from both parties has created an:Agency
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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