Agency
A Massachusetts salesperson working under Broker A shows a buyer a listing held by Broker B. What is the most likely agency relationship?
AThe salesperson is a sub-agent of the seller✓ Correct
BThe salesperson is a buyer's agent
CThe salesperson is a facilitator
DThe salesperson owes fiduciary duties to Broker B
Explanation
When a salesperson from one firm shows a property listed by another firm without a separate buyer agency agreement, the salesperson may be acting as a sub-agent of the seller, owing fiduciary duties to the seller.
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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.
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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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