Agency
Sub-agency in Michigan means that:
AThe listing broker's agent also represents the buyer
BAnother broker cooperates with the listing broker and represents the seller✓ Correct
CA salesperson works under a broker
DThe buyer has no representation
Explanation
Sub-agency occurs when a cooperating broker represents the seller's interests on behalf of the listing broker. The cooperating agent is a sub-agent of the listing broker and owes fiduciary duties to the seller.
Related Michigan Agency Questions
- In Michigan, a listing broker who has no buyer's agency agreement with a buyer is acting as:
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