Agency
Under NJ law, a subagent working with a buyer actually represents:
AThe buyer
BThe seller✓ Correct
CNeither party
DThe broker only
Explanation
A subagent is an agent of the listing broker and therefore represents the seller's interests, even while working directly with a buyer.
Related New Jersey Agency Questions
- A New Jersey listing agent who inadvertently reveals to a prospective buyer that the seller must sell quickly due to financial hardship has breached which fiduciary duty?
- Under NJ's Agency Disclosure requirements, when must a licensee provide the Consumer Information Statement (CIS) to a seller?
- Which of the following best describes ostensible agency?
- An open listing allows the seller to:
- An agent's authority to bind the principal to a contract that was not explicitly granted but is customarily necessary is called:
- A cooperating broker in a MLS transaction typically acts as a:
- A listing agreement is a contract between the seller and:
- In an exclusive agency listing, the seller can sell the property themselves without:
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