A subagent in a real estate transaction owes fiduciary duties to which party?
Correct Answer
B) The seller, through the listing broker who created the subagency relationship.
A subagent is a licensee who works with a buyer but whose agency relationship runs to the seller through the listing broker. Even though the subagent may assist the buyer in finding a property, the subagent owes fiduciary duties — including loyalty, confidentiality, and obedience — to the seller. In Delaware, subagency must be disclosed to all parties involved in the transaction.
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