Agency
Under Minnesota real estate law, which statement about subagency is correct?
ASubagency is required in all MLS transactions
BSubagency means a cooperating broker also represents the seller when the listing is MLS-offered✓ Correct
CSubagency is the same as buyer agency
DSubagency has been eliminated entirely in Minnesota
Explanation
Subagency occurs when a listing broker extends an agency relationship to cooperating brokers through MLS. The cooperating broker then also represents the seller (even when working with a buyer). While subagency still exists in Minnesota, most cooperating brokers now work as buyer's agents rather than subagents, having their own direct representation relationship with buyers.
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