Agency
In NC, a subagency relationship exists when:
AA buyer is represented by two agents simultaneously
BA cooperating broker represents the seller's interests, working under the listing broker's authority✓ Correct
CA broker acts for both buyer and seller
DA listing broker shares the listing with another firm
Explanation
Subagency occurs when a cooperating (buyer's) broker acts as an agent of the seller through the listing broker, representing the seller's interests rather than the buyer's.
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