Agency
A subagent in Montana real estate is an agent who:
AWorks directly for the buyer under a buyer agency agreement
BWorks under the authority of another agent to assist the principal's agent✓ Correct
CManages properties as a sub-contractor for the broker
DHandles only the administrative tasks for the listing agent
Explanation
A subagent acts under the authority of the listing broker's agent to assist in the transaction while owing duties to the seller/principal. Subagency has become less common due to liability concerns.
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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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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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