Why even consider sub-agency if it is so rarely used by real estate brokerage firms?
Question: Why even consider sub-agency if it is so rarely used by real estate brokerage firms.
Answer: This will seem out of date for those who remember the battles within the industry between supporters of sub-agency and buyer-agency. However, many REALTORS® who joined the industry within the last decade have misunderstood the meaning of the term sub-agency. Agents who do not understand the term can not properly explain it to a seller when reviewing a listing agreement. A few listing agents have mistakenly told clients that sub-agency is a listing firms share of the commission while buyer agency is the buyer-brokers share. This has also lead to misunderstandings about how to input this information into MRIS.