Which agency relationship does NOT typically apply to a cooperating broker in a real estate transaction?

In real estate transactions, the role of the cooperating broker is generally one that assists the listing broker in bringing a buyer for a property. The term "subagent" refers to a broker who represents the interests of the seller while working with the buyer, which is not typically the case for a cooperating broker. Cooperating brokers usually have a more neutral position, functioning to facilitate the sale rather than directly representing the seller's interests.

Subagency implies an agency relationship where the cooperating broker acts on behalf of the listing broker and, by extension, the seller. This relationship is less common with cooperating brokers because modern practices and agency laws often encourage a more direct representation by the cooperating broker of the buyer's interests, thus avoiding a conflict of interest.

Other agency relationships, such as an exclusive buyer's broker or a non-exclusive buyer's broker, focus on representing the interests of the buyer, which aligns with the fundamental role of a cooperating broker in most situations. The selling broker often refers to the broker who is responsible for securing the sale of the property, typically aligned with representing the buyer.

In summary, the reason subagent does not typically apply to a cooperating broker in a real estate transaction is due to the nature of their role, which is usually more focused on