Question

Literally an agent of an agent, a person to whom a buyer's or seller's agent has delegated authority and whose hiring has been authorized by the buyer or seller. A subagent has the same responsibilities to the buyer or seller as the buyer's or seller's agent.

A. Dual agent
B. Exclusive agent
C. Transaction broker
D. Subagent

Answer 1

A subagent is a person authorized by the buyer or seller to act as an agent on their behalf. They have the same responsibilities as the buyer's or seller's agent.

Step-by-step explanation:

A subagent is a person who is authorized by the buyer or seller to act as an agent on their behalf. This person is usually appointed by the buyer's or seller's original agent. The subagent has the same responsibilities to the buyer or seller as the buyer's or seller's agent.

For example, if a buyer hires a real estate agent to represent them in a property purchase, the agent may delegate some tasks to a subagent, such as showing properties or negotiating with the seller's agent.