Agency
In Tennessee, 'subagency' means that the cooperating broker:
ARepresents the buyer as a buyer's agent
BActs as an agent of the listing broker, thereby representing the seller✓ Correct
CRepresents neither party
DIs an employee of the listing broker
Explanation
In a subagency relationship, the cooperating broker acts as the agent of the listing broker and therefore also represents the seller. This is a traditional MLS arrangement, though buyer agency has largely replaced it.
People Also Study
Related Tennessee Questions
- In Tennessee, a 'designated agency' arrangement means:Agency
- In Tennessee, the duty of 'confidentiality' in an agency relationship means the agent must:Agency
- The duty of 'obedience' in an agency relationship means the agent must:Agency
- In Tennessee, a seller's listing agreement obligates the seller to pay the commission when the broker produces a ready, willing, and able buyer. 'Able' buyer means:Agency
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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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.
Study This Topic
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →