If a listing is shared with another broker, that broker becomes what?

• A. A co-agent
• B. A sub-agent
• C. A dual agent
• D. A client

Answer: (B)

When a listing is shared with another broker, that broker is referred to as a sub-agent. In real estate, sub-agents represent the seller in the transaction but are not the primary listing agent. This arrangement allows the listing broker to divide the responsibilities and potentially increase exposure to buyers through the additional broker's network.

The sub-agent works under a separate brokerage and is authorized to show the property and assist buyers while still owing their fiduciary duties to the original listing broker's client, typically the seller. This relationship is established through the listing agreement that outlines the rights and responsibilities of all parties involved.

Understanding this concept is critical, as it highlights the importance of agency relationships in real estate transactions and ensures that consumers are informed about who is representing them and in what capacity.