Agency
A cooperating broker who represents the buyer in a transaction where the listing is on the MLS is acting as:
AA subagent of the listing broker automatically
BA buyer's agent, having established that relationship with the buyer✓ Correct
CA dual agent by default
DAn independent facilitator with no agency duties
Explanation
Since the adoption of buyer's agency, a cooperating broker who has a buyer's broker agreement with the buyer acts as the buyer's agent — not as a subagent of the listing broker. The cooperating broker's fiduciary duties run to the buyer.
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