Agency
What is sub-agency in a real estate transaction?
AWhen a salesperson works under a broker
BWhen a cooperating broker/agent works on behalf of and owes duties to the listing broker's principal (the seller)✓ Correct
CWhen a buyer hires multiple agents to compete for the best deal
DWhen an agent acts as both agent and principal
Explanation
Sub-agency arises when a cooperating agent works in the transaction on behalf of the listing broker's client (the seller), owing fiduciary duties to the seller rather than the buyer they are assisting.
Related New Hampshire Agency Questions
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