Agency
Under New Jersey agency law, a subagent is:
AA buyer's agent working with the seller
BAn agent of an agent, who owes the same duties to the principal as the original agent✓ Correct
CA licensee who works independently without broker supervision
DAn unlicensed assistant helping a licensee
Explanation
A subagent is an agent appointed by the original agent to assist in carrying out the principal's instructions. In real estate, a cooperating broker acting as a subagent of the listing broker owes fiduciary duties to the seller, the listing broker's principal.
Related New Jersey Agency Questions
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