Agency
In South Carolina, the 'subagency' relationship means:
AA junior agent working under a senior agent
BThe listing broker's cooperating agents who work for the seller through the MLS✓ Correct
CAny agent who assists a buyer
DAn agent who specializes in a specific property type
Explanation
Subagency occurs when a cooperating broker and their agents work for the seller (through the listing broker) rather than the buyer. In modern practice, buyer agency has largely replaced subagency, but the concept remains part of agency law.
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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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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