Agency
A Washington designated broker enters into a property management agreement with an owner. The designated broker then assigns a managing broker to oversee the property. In this context, the managing broker acts as:
AA dual agent between the owner and tenants
BA subagent of the designated broker, acting on behalf of the property owner✓ Correct
CAn independent contractor with no agency duties
DA transaction broker only
Explanation
In a property management context, the managing broker assigned to a property operates as a subagent of the designated broker, carrying out the duties of the property management agreement on behalf of the property owner (the principal).
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