In Illinois, which term refers to the process of an existing agent employing another agent?

The term "Subagency" refers to the process in which an existing agent employs another agent to assist in carrying out their duties. In this context, the original agent, often referred to as the "primary agent" or "listing agent," delegates certain responsibilities to the subagent, who acts on behalf of the primary agent while still being accountable to them. This arrangement can be beneficial for managing multiple responsibilities or serving clients more effectively, as the subagent can take on tasks that the primary agent cannot cover alone.

In real estate transactions, subagency also includes the concept that the subagent owes the same fiduciary duties to the principal (the client) as the primary agent does. This means maintaining loyalty, confidentiality, and full disclosure, ensuring that the client’s interests remain a priority even with additional agents involved.

The other terms present different concepts in real estate. "Representation" generally refers to the relationship between an agent and their client, focusing on the duties owed to that client. "Agency" is a broader term that encompasses the relationship between a principal and an agent. "Partnership" denotes a collaborative business arrangement between two or more parties but does not specifically pertain to the act of one agent employing another. Thus, in the context of an