WebA. one who is the source of another’s authority B. one who represents and acts for another C. one who has conferred authority to another D. one who has been paid a commission by another 18. Misrepresenting facts to a buyer might result in A. an extended contract and protracted compensation B. federal sanctions C. loss of a business license WebThe answer is agent and subagent. The qualifying broker is the agent of the consumer, and the salesperson is the subagent working under the agent. There is no such thing as a sub-broker. In Alabama, real estate agents are rarely employees.

Unit quiz 10 Flashcards by Ron Jeremy Brainscape

WebAs used in MLS rules, short sales are defined as a transaction where title transfers, where the sales price is insufficient to pay the total of all liens and costs of sale, and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies. Web13 Feb 2024 · Subagency is another type of seller agency where the seller authorizes the listing company to allow real estate agents from other companies to show the home to buyer customers, or buyers who have not entered into a written buyer agency agreement. romers lunch

Learn About Subagency in Real Estate - The Balance

WebProcess 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-li WebThe agent is A) required to disclose the information because it is a material fact important to the seller. B) not required to disclose the information because the seller might reject the offer. C) not required to disclose the information because the agent has no agency relationship with seller. Web29 Dec 2024 · “A subagent is a cooperating agent who works for a listing broker-salesperson in the sale of a property. The subagent represents the seller, and therefore, works with the buyer, but not for the buyer. The subagent owes fiduciary duties to the listing broker and to the seller. What is a subagency relationship? romers hours