Agency
Which of the following BEST describes a 'subagent' in Ohio real estate?
AA licensee who assists a buyer without representing them
BA licensee who works for a cooperating brokerage and represents the seller✓ Correct
CA licensee who represents the buyer exclusively
DA licensee still in their first year of practice
Explanation
A subagent works for a cooperating brokerage but represents the seller's interests, owing fiduciary duties to the seller. Subagency is less common today because most cooperating brokers now represent buyers.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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