Agency
Subagency in Texas real estate refers to:
AAn agent representing the buyer without a formal agreement
BAn agent who acts as an agent of the listing broker, thereby representing the seller✓ Correct
CA broker who licenses their name to another agent
DAn unlicensed assistant performing ministerial acts
Explanation
Subagency occurs when a cooperating broker and their agents represent the seller through an agency relationship with the listing broker. In Texas, subagency has become uncommon as most cooperating agents now represent buyers.
Related Texas Agency Questions
- Under Texas law, a real estate agent who represents the buyer in a new construction purchase from a builder should advise their buyer client that:
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