What trend has been observed regarding subagency in recent years?

The trend indicating that fewer brokers are allowing subagency reflects a significant shift in the real estate industry over recent years. Subagency traditionally allowed a broker representing the buyer to also represent the interests of the seller, which created potential conflicts of interest. Consequently, as the focus on consumer protection and clear representation has grown, many brokers have opted to avoid subagency arrangements.

This shift is tied to the increased emphasis on transparency and the fiduciary duties owed to clients. By limiting or eliminating subagency, brokers aim to provide more direct and trustworthy representation, ensuring that clients’ interests are prioritized without the complications that may arise from dual representation.

The trend aligns with the overall movement towards more defined agency relationships in real estate transactions, promoting clarity on whom the broker represents and enhancing the client’s understanding of their rights and the broker's responsibilities.