Agency
A cooperating broker in a MLS transaction typically acts as a:
ADual agent for both parties
BSubagent of the listing broker or buyer's agent, depending on the agreement✓ Correct
CTransaction broker only
DDesignated agent for the seller
Explanation
In MLS transactions, the cooperating (selling) broker may function as a subagent of the listing broker (representing the seller) or as a buyer's agent, depending on the agency disclosure and agreement.
Related New Jersey Agency Questions
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