What Is a Subagency Relationship?

Answer: Sub-agency is one type of brokerage relationship. ... A defining characteristic of sub-agency is that a listing firm extends its agency relationship with a seller outside the firm's own agents and authorizes other cooperating brokerage firms to represent the seller in a transaction.

What is the difference between a subagent and an agent?

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. Subagents are rare today because of the popularity of buyer's agents and due to liability concerns.

What is an intermediary relationship?

An intermediary is a broker who negotiates a real estate transaction between two parties when a broker, or a sales agent sponsored by the broker, has obtained written consent from the parties to represent both the buyer and the seller. ...