What is a sub agent in real estate?
A sub-agent is a real estate licensee who provides real estate services to a buyer while actually representing the seller in a real estate transaction. When this happens, the other cooperating broker becomes a “sub-agent” of the listing broker.Click to see full answer. In this regard, what is a subagent in real estate?A subagent is…
A sub-agent is a real estate licensee who provides real estate services to a buyer while actually representing the seller in a real estate transaction. When this happens, the other cooperating broker becomes a “sub-agent” of the listing broker.Click to see full answer. In this regard, what is a subagent in real estate?A subagent is a real estate agent or broker who brings in the buyer to purchase a property, but he is not the property’s listing agent. The subagent usually earns a portion of the commission.Beside above, what is the difference between an agent and a sub agent? Control: A sub-agent is the agent of the original agent as he works under the control of the agent whereas, a substituted agent is the agent of the principal because he works under the control of the principal. Besides, what do you mean by sub agent? Sub-agent (Sub-agency) is a real estate term in the United States and Canada describing the relationship which a real estate broker and his/her agents have with a buyer of a business, home, or property.Who can appoint a sub agent?Where an agent, without having authority to do so, has appointed a person to act as a sub-agent, the agent stands towards such person in the relation of a principal to an agent, and is responsible for his acts both to the principal and to third person; the principal is not represented, by or responsible for the acts of
