Subagent

Definition

• A real estate agent who finds a buyer for a property, but is not the property's listing agent. The subagent usually earns a portion of the commission.

Synonyms
sub-agency

Related Terms and Acronyms

• Agency (agcy) — Abbreviation,
  • A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
• Buyer Broker — Definition,
  • One who earns a commission from the buyer of a property in exchange for finding a seller and assisting in negotiation.
• Cooperating Broker — Definition,
  • A real-estate broker who finds a buyer for a property and initiates a negotiation and shares in a commission.
• Dual Agent — Definition,
  • A real estate agent who acts for both parties in a property sale.
• Exclusive Listing — Definition,
  • A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.
• Open Listing — Definition,
  • A property that a number of brokers can market and sell for a commission.
• Real Estate Agent — Definition,
  • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
• Real Estate Broker — Definition,
  • An individual who is licensed to represent a buyer or a seller of real estate and collects commissions for the work. Most brokers have agents working for them and they collect a portion of those commissions in exchange for providing office space, marketing, and other overhead.
• Realtor — Definition,
  • A real estate broker or an associate holding active membership in a real estate board.
• Seller Broker — Definition,
  • One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.