Agency
In NC, 'subagency' in a real estate transaction traditionally means:
AA buyer's agent who works under the listing agent's supervision
BA cooperating broker who represents the seller through the listing broker as their principal✓ Correct
CA broker who represents both parties as a dual agent
DAn unlicensed assistant who helps the listing broker
Explanation
Traditional subagency meant that cooperating brokers who brought buyers to a listing were agents of the listing broker (and thus of the seller). With the rise of buyer agency, subagency has become uncommon, but technically a cooperating broker can still accept subagency.
Related North Carolina Agency Questions
- Under NC law, an agency relationship created through the conduct of the parties (rather than a written agreement) is called:
- In North Carolina, a broker who represents the seller owes which duty to the buyer?
- Which NC disclosure form must sellers of most residential property complete?
- Which document in North Carolina establishes the seller's agency relationship and authorizes the broker to market the property?
- Under NC agency law, the duty of 'obedience' requires the agent to:
- A NC agent who advises their buyer client to offer a lower price because the seller needs to sell quickly — using seller motivation information the agent gained as a transaction facilitator — has violated the duty of:
- Under NC law, a real estate broker is an agent only if they have:
- The NC WWREA brochure explains three possible agency relationships. Which one is NOT a recognized agency relationship in NC real estate?
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