Sub-agent Sub-agent Sub-agent (Sub-agency) is a real estate term in the United States and Canada describing the relationship which a real estate broker and his/her agents have with a buyer of a business, home, or property. Lasting until the early 1990s, the broker provided a conventional full-service, commission-based brokerage relationship under a signed listing agreement only with a seller, thus creating an agency relationship with fiduciary obligations under common law in most of the US and Canada. The seller was then a client of the broker. However, no such agency relationship existed with the buyer, and the broker's agents helped the
Estate agent for Estate Agents Scheme", which obtained OFT approval for the "Code of Practice for Residential Sales" in and, as of November 2006 claims to have 2,532 member agencies. There is a legal requirement to belong to either organisation to trade as an estate agent. Agents can be fined if they are not a member of a redress scheme. The redress scheme was brought in alongside and to govern agents in reference to the HIP (Home Information Pack). A handful of national residential estate agents chains exist, with the majority being locally or regionally specialised companies. Several multi-national commercial agencies exist,