Question

A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is 1. an independent contractor to the broker and an agent to the principal. 2. an agent to the broker and a subagent to the principal. 3. a subagent to the broker and an agent to the principal. 4. an agent to the broker and an agent to the principal.

Answer 1

The correct answer is 3. a subagent to the broker and an agent to the principal.

Step-by-step explanation:

The correct answer is 3. a subagent to the broker and an agent to the principal. In real estate, subagency occurs when a salesperson working under a broker acts as an agent to the principal (the buyer or seller), while also being a subagent to the broker. This means that the salesperson is representing both the broker and the principal in the transaction. Dual agency, on the other hand, occurs when the salesperson acts as an agent to both the buyer and seller in the same transaction.

Learn more about Subagency and Dual Agency