The Role of Subagents in Real Estate Transactions

Instructions:

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question 1 of 3

Sally is selling her house and has hired Mandy, a licensed real estate salesperson, to help her do it. Based on the facts presented, Mandy is Sally's _____ for purposes of selling Sally's house.

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1. Sam is selling his house and has hired Randy, a licensed real estate salesperson, to help him do it. Dan is a licensed salesperson in town that has a buyer interested in Sam's house, but is not the buyer's retained agent. What is the most precise description of Dan?

2. Fred is a licensed salesperson that has been retained by Beth who wants to buy a house. Fred shows Beth a house being listed by Angie, the agent for Jane, the seller. To whom does Fred owe a fiduciary duty?

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About This Quiz & Worksheet

Take advantage of this combination of guides to test your comprehension of real estate subagents. Practice questions in this quiz will ask about the roles of real estate salespeople and fiduciary duty.

Quiz & Worksheet Goals

Students will be quizzed on the following topics:

  • Role of real estate salesperson
  • Real estate salesperson who has not yet been retained
  • Fiduciary duty
  • Problems presented by subagents

Skills Practiced

This work gives you a chance to showcase your ability in:

  • Interpreting information - verify that you can read information regarding the roles of real estate salespeople and interpret it correctly
  • Information recall - access the knowledge you've gained regarding problems associated with subagents
  • Critical thinking - apply relevant concepts to examine information about fiduciary duty in a different light
  • Reading comprehension - ensure that you draw the most important information about real estate subagents from the related lesson

Additional Learning

To keep on learning about this real estate subject, make sure to review the complementary lesson named The Role of Subagents in Real Estate Transactions. This lesson looks at the following objectives:

  • Define fiduciary duty and understand how it works
  • Identify the different types of subagents discussed in this lesson and their roles
  • Differentiate between a buyer's agent and subagent
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