In a subagency relationship, a cooperating broker who assists in selling a listed property owes their fiduciary duty to whom?
Correct Answer
B) The seller, through the listing broker
A subagent is a cooperating broker who works with a buyer but represents the seller through the listing broker. The subagent owes fiduciary duties to the seller, not the buyer. Because of this potential for confusion, Maine law requires that agency relationships be clearly disclosed to all parties.
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