Agency
In South Dakota, 'subagency' allows a cooperating broker to act as:
AA buyer's representative
BAn agent for the listing broker (and the seller), not the buyer✓ Correct
CA dual agent for both parties
DA transaction facilitator with no agency duties
Explanation
In subagency, the cooperating broker becomes the listing broker's subagent, extending the agency to the seller. This means the buyer's broker may technically represent the seller, not the buyer, absent a buyer representation agreement.
Related South Dakota Agency Questions
- In South Dakota, the agent's duty of 'accounting' to the principal means the agent must:
- In South Dakota, when must an agency disclosure be provided to a potential client?
- In South Dakota, a buyer's agent who learns that the listing price is significantly above current market value should:
- A South Dakota broker representing both the buyer and seller in the same transaction without proper disclosure is:
- An agent who reveals a buyer's maximum price to the seller without authorization has violated which fiduciary duty?
- A licensee who represents both buyer and seller in the same transaction is practicing:
- Under South Dakota law, a listing agent who knows the basement has a history of flooding but does not disclose this to the buyer has committed:
- When a listing broker assigns two different agents within the same office to separately represent a buyer and a seller, this is known as:
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