Agency
Subagency
A cooperating broker acting as an agent of the listing broker’s client
Under a traditional subagency arrangement the cooperating broker works with the buyer but represents the seller, owing fiduciary duties to a person they may never meet. The liability that created for listing brokers is why most markets moved away from it.
How the exam asks about it
The examinable oddity is that the buyer in a subagency arrangement is a customer, not a client, however much time the cooperating agent spends with them.
Related terms
Sitting the license exam? Find out what you actually know.
Free practice questions built to the published national content outline, with an explanation after every answer. No account, no paywall.
Independent exam preparation. Real Estate Exam Bank is not a state-approved pre-licensing course and completing anything here does not satisfy any state education requirement. Not affiliated with, endorsed by, or authorized by any state real estate commission, Pearson VUE, or PSI. Practice questions here are original study material, not the official exam.