subagent

subagent definition - business

subagent

In real estate, an agent who works for and owes a fiduciary duty to a client's agent. For example, a subagent may work with potential buyers but have a fiduciary duty to the selling agent. A subagent is subject to the same duties as the agent.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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