what is a subagent in real estate

Best answer

What is a subagent? A subagent is a real estate agent or broker who brings in the buyer to purchase a property,but he is not the property listing agent. The subagent usually earns a portion of the commission.

People also ask

  • What is subagency in real estate?

  • Subagency is a real estate practice in which the agent who brings the buyer is really working for the seller as a subagent of the listed firm. This is crucial because the agent who is working with the buyer really owes fiduciary responsibilities to the seller, not the buyer, in this situation.

  • What is the difference between a buyer’s agent and a subagent?

  • Some states do not permit subagents in real estate transactions. Subagents have been replaced in many cases with a buyer’s agent. A buyer’s agent (or buyer’s representative) is the agent of the buyer and owes a fiduciary duty to the buyer rather than to the seller.

  • What is a sub agent in real estate?

  • A sub agent is a real estate licensee who provides services to a buyer while also acting as the seller agent in a real estate transaction. While working with a buyer, an agent fiduciary obligations are really owed to the seller, not the buyer.

  • What is the difference between a subagent and a disclosed Agent?

  • The subagent works with the buyer to show the property but owes fiduciary duties to the listing broker and the seller. A disclosed dual agent represents both the buyer and the seller in the same real estate transaction.

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