A cooperating broker works through the listing broker to assist in selling the property and, in a jurisdiction that recognizes the role, represents the seller rather than the buyer. What is the cooperating broker called?
Correct Answer
D) Subagent
Subagent is correct because the facts match an agent appointed by another agent to help represent the principal, typically owing duties through the appointing broker to the seller where recognized. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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