Agency
In New Mexico, a subagent is a licensee who:
ARepresents the buyer independently
BWorks for the listing broker but represents the seller✓ Correct
CActs as a transaction broker for both parties
DIs unlicensed but works under supervision
Explanation
A subagent is a licensee from another brokerage who represents the seller (not the buyer) by working as an agent of the listing broker. Subagency is less common today due to agency disclosure requirements.
Related New Mexico Agency Questions
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