Final answer:
A cooperating broker is not typically defined as a subagent with duties of care owed, therefore the statement is false. They assist in selling the property but do not have the same fiduciary responsibilities as the listing agent.
Step-by-step explanation:
It is false to state that a cooperating broker is typically defined as a subagent with affirmative duties of care owed. In real estate, a cooperating broker usually refers to a brokerage or agent that works with the listing agent to help sell a property but does not have the same fiduciary responsibilities to the seller as the listing agent. The traditional role of a subagent, who would have similar fiduciary duties as the listing agent to the seller, has become less common due to changes in legislation and agency structures such as the advent of buyer's agency and dual agency. The exact definition and duties of a cooperating broker can vary based on state law and specific agency agreements.