Subagent

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • sub-agency

Definition of Subagent

  1. 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.

Related Terms and Acronyms

  • Dual Agent Definition,
    • A real estate agent who acts for both parties in a property sale.
  • 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.
  • Open Listing Definition,
    • A property that a number of brokers can market and sell for a commission.
  • Seller Broker Definition,
    • One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.
  • 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.
  • Realtor Definition,
    • A real estate broker or an associate holding active membership in a real estate board.
  • Cooperating Broker Definition,
    • A real-estate broker who finds a buyer for a property and initiates a negotiation and shares in a commission.
  • 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.
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