Agency
Subagency in real estate means:
AA licensee working for a client without compensation
BAn agent who works on behalf of and owes fiduciary duties to another broker's client✓ Correct
CAn agent who splits commission with a referring broker
DAn unlicensed assistant performing ministerial tasks
Explanation
Subagency occurs when a cooperating agent works on behalf of and owes fiduciary duties to the listing broker's client (the seller), rather than to the buyer they are working with.
Related Montana Agency Questions
- The duty of obedience in a real estate agency requires the agent to:
- The Montana Broker Disclosure Form is NOT required to be provided when:
- In Montana, a listing agreement is a contract between the seller and the:
- In Montana, if a buyer's agent writes an offer for their client on a property listed by the same brokerage firm, and the firm chooses to practice dual agency, both parties must provide:
- If a Montana seller's agent discovers that a property has undisclosed foundation problems, they must:
- In Montana, if a buyer purchases property and later discovers the listing agent concealed a known material defect, the buyer's potential remedies include:
- In Montana, if an agent represents neither the buyer nor the seller but facilitates the transaction, they are acting as a:
- In Montana, which document must be provided to a buyer or seller at first substantive contact with a licensee?
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