Agency
A cooperating broker who works with a buyer but is a subagent of the listing broker owes fiduciary duties to:
AThe buyer they are working with
BThe seller (the listing broker's principal)✓ Correct
CBoth the buyer and the seller equally
DNeither party — subagents owe no fiduciary duties
Explanation
A subagent is an agent of the agent — the cooperating broker is a subagent of the listing broker and therefore owes fiduciary duties to the seller, not the buyer. This arrangement has become less common.
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