Agency
A subagent in a real estate transaction is:
AAn agent who represents the buyer in all transactions
BAn agent created by the listing broker who owes duties to the seller even when working with a buyer✓ Correct
CThe principal broker's supervising agent
DAn agent licensed in a different state working in Utah
Explanation
A subagent is an agent of the listing broker who owes fiduciary duties to the seller (the broker's principal), even while working with a buyer. Subagency is less common today due to liability concerns, but the concept remains on licensing exams.
Related Utah Agency Questions
- A Utah agent working as a limited agent (dual agent) may NOT:
- A Utah listing agent who represents a seller should advise the seller if the seller's asking price appears to:
- An agent who tells a buyer 'this neighborhood is changing' to suggest demographics are shifting may be committing:
- A Utah seller's agent learns that the property has a cracked foundation that was not disclosed. The agent must:
- A Utah agent who represents both buyer and seller in the same transaction without full written consent is engaged in:
- A Utah transaction broker is:
- Utah's agency disclosure form must be provided to consumers:
- The fiduciary duty of confidentiality in a Utah agency relationship means the agent must:
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