Agency
A subagent in a real estate transaction owes fiduciary duties to:
AThe buyer only
BThe listing broker only
CThe seller (the principal)✓ Correct
DBoth buyer and seller equally
Explanation
A subagent is an agent of the listing broker and therefore owes fiduciary duties to the seller (the principal). A cooperating broker acting as a subagent represents the seller, not the buyer.
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