Who Is Substituted Agent

A Substituted agent is a person who is named by the Agent for performing such part of the business of the agency as is entrusted to him. Sub-Agent works under the control of the Agent. He is the agent of the Principle. Substituted Agent works under the control of the Principle and he is an agent of the agent.

Who are substitute agent and subagent?

Responsibility- A sub-agent is responsible for all the acts to the original agent, whereas the substituted agent is directly responsible to the principal for all his acts. Only for fraud and wilful wrong, the substituted agent is directly responsible to the principal.

What is the meaning of 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’s listing agent. … Subagents are rare today because of the popularity of buyer’s agents and due to liability concerns.