Agency
In Oklahoma, a sub-agent represents:
AThe buyer exclusively
BThe seller through the listing broker✓ Correct
CBoth buyer and seller simultaneously
DOnly the cooperating broker's interests
Explanation
A sub-agent is an agent of the listing broker who represents the seller. Historically, most buyers' agents were sub-agents of the seller. Today, sub-agency is less common as buyer agency agreements are the norm, but it still exists.
Related Oklahoma Agency Questions
- Under Oklahoma's brokerage relationships law, a transaction broker (non-agent facilitator) owes the parties:
- Oklahoma's OREC agency disclosure requirement is intended primarily to ensure:
- Under Oklahoma's agency disclosure requirements, the Oklahoma Broker Relationships disclosure form must be provided:
- An Oklahoma buyer's agent who knows the seller is financially distressed and desperate to sell should:
- An Oklahoma listing agent who is approached by a buyer at an open house must disclose their agency relationship. If the buyer wishes to make an offer, the agent should:
- Which duty does an Oklahoma licensee owe to ALL parties in a transaction, regardless of who they represent?
- Oklahoma's real estate license law imposes a duty of accounting on licensees. This means the licensee must:
- An Oklahoma seller's agent who receives two offers simultaneously must:
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