asked 26.8k views
3 votes
The Designated Broker of Blue Water Realty appoints Sandra to be the buyer agent for client Zane. What is the relationship of all the other licensees in the Blue Water Realty to Zane?

asked
User Kwadz
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8.1k points

1 Answer

3 votes

Final answer:

Other licensees at Blue Water Realty typically have a subagent or associate agent relationship with Zane if they operate under the same designated broker and are involved in the same transaction. Without a specific agency agreement, they have no direct relationship with Zane.

Step-by-step explanation:

In real estate, when the Designated Broker of Blue Water Realty appoints Sandra to be the buyer agent for Zane, Sandra becomes Zane’s agent, with a fiduciary responsibility to represent Zane’s interests. The relationship of the other licensees at Blue Water Realty to Zane depends on the brokerage policies and whether an agency agreement is in place. Typically, these other licensees would be considered subagents or associate agents if they work under the designated broker and are part of the same transaction. If there is no specific assignment or agreement, they might just be considered other licensees with no direct agency relationship to Zane.

answered
User Chouser
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7.7k points
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