Agency
What is a 'subagent' in Nevada real estate, and are they commonly used today?
AA subagent is a buyer's representative who receives compensation from the listing broker
BA subagent is an agent authorized by the listing broker to represent the seller; they owe fiduciary duties to the seller, not the buyer — subagency was common before buyer agency became widespread but is rarely used in modern Nevada practice✓ Correct
CA subagent is an unlicensed assistant who helps process paperwork
DA subagent is a Nevada-specific role for new licensees
Explanation
In the traditional subagency model, cooperating brokers who brought buyers were considered subagents of the seller — owed duties to the seller even while assisting the buyer. This created conflicts of interest and confidentiality problems.
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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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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