Agency
In a subagency relationship, the cooperating broker who brings a buyer to a listed property owes fiduciary duties to:
AThe buyer they are working with
BThe listing broker
CThe seller, as the principal✓ Correct
DBoth buyer and seller equally
Explanation
In a traditional subagency arrangement, the cooperating (buyer's) broker is a subagent of the seller and owes fiduciary duties to the seller, not the buyer. This is why buyers are advised to enter buyer agency agreements to have their own representation.
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