Agency
Under Wisconsin agency law, 'sub-agency' means:
AA designated agent working under a managing broker
BA licensee from a cooperating firm who represents the seller through the listing broker✓ Correct
CA buyer's agent who also manages property
DAn unlicensed assistant
Explanation
Sub-agency is a relationship in which a cooperating broker acts as a sub-agent of the listing broker, representing the seller's interests — a declining practice in Wisconsin.
Related Wisconsin Agency Questions
- In Wisconsin, the concept of 'respondeat superior' in real estate agency means:
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- A Wisconsin seller who revokes a listing agreement before its expiration date may be liable to the broker for:
- A Wisconsin seller instructs their listing agent to disclose that there is no stigma attached to the property, even though the property was the site of a violent crime. The agent should:
- A Wisconsin licensee's fiduciary duty of 'loyalty' means they must place the client's interests:
- Under Wisconsin agency law, a licensee who gives legal advice to a client regarding the enforceability of a real estate contract is:
- A Wisconsin licensee who represents neither the buyer nor the seller but helps both parties complete a transaction is known as a:
- A Wisconsin buyer's agent who receives information that the seller must sell quickly due to job relocation should:
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