191- A "Sub-agent" is a person employed by, and acting under the control of, the original agent in the business of the agency. Thus Sub Agent is appointed by original agent and works under control of original agent. In following exceptional circumstance the sub agent can be appointed by original Agent.
What is a subagent in real estate?
In real estate, a sub-agent is responsible for bringing a prospective buyer to a property. However, even though the sub-agent is working directly with the buyer, they are actually working on behalf of the listing broker (who represents the seller of the home).
What is an example of a subagent agent?
An example to illustrate a subagent would be Sam (seller), who hires Randy (salesperson) as his agent. Dan (salesperson) has an interested buyer, but he is not the buyer's retained agent. Dan, therefore, is a subagent helping the seller's agent.
What do you mean by sub agent?
: a subordinate agent : an agent (such as a real estate broker) who is authorized by another agent to act in that person's place. In a subagency, the selling broker is a subagent of the seller because the selling broker derives his/her authority from the listing broker.
What is the role of a sub agent?
A Sub Agent is responsible for the management or assisting the Site Agent or Project Manager on Construction projects and schemes, in order to achieve required project delivery to the objectives, while maintaining standards of health and safety, quality, environmental impact and cost control.
What is the difference between an agent and a subagent?
It is the Broker who is the Agent of the Buyer or Seller. The Sub-Agent is an agent of the Broker, works for the Broker, and represents the interest of the Broker.