Definition:
A real estate agent employed to work in the best interests of a seller in a real estate transaction. The agent's loyalties are with the seller. It is the agent's duty to share with the seller all information about potential buyers that may help the seller make decisions regarding the transaction.
Related Terms
• Buyer's Agent
The term Seller's Sub Agent refers to agents and agencies other than the listing agency. For instance, in a Multiple Listing Situation all real estate offices show and sell each other's listings. If a home is listed by Agency A, and sold by Agency B, Agency B is considered a sub agent for the seller unless that Agency B has a valid Buyer Agency agreement with the buyers.
Agent status must be disclosed to all parties.
