If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?

Question

Business

Jeremiah Duarte

2 October, 22:19

If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?

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Answers (1)

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Jewel Michael · Answer 1

Seller

Explanation:

If a cooperating broker accepts the offer of subagency from a listing broker, The cooperating broker owes fiduciary duties to the Seller.

A fiduciary duty is an obligation to act in the best interest of another party ... A person acting in a fiduciary capacity is held to a high standard of honesty and full disclosure in regard to the client and must not obtain a personal benefit at the expense of the client.