What is a license holder called who represents a principal through cooperation with the principal's broker but is not associated with that broker?

A license holder who represents a principal through cooperation with the principal's broker but is not directly associated with that broker is referred to as a subagent. This arrangement typically occurs when the subagent acts on behalf of the principal and is empowered to facilitate the transaction while still being under the broader umbrella of the principal's broker. The relationship is characterized by the subagent having a duty to act in the best interests of the principal, similar to the duties owed by the broker, even though they operate independently and are not part of the broker's staff.

In situations involving subagency, it is essential to understand that subagents owe fiduciary duties to the principal, including loyalty, disclosure, and good faith. This form of agency allows for more flexibility in how agents can serve clients, aligning their interests with those of the principal while still working through the primary broker's network. This distinct role differentiates subagents from other types of agents, such as independent agents or associate brokers, who may have different relationships and obligations within their respective transactions.