What role is Cheyenne playing when submitting an offer for a buyer without an agency agreement?

When Cheyenne submits an offer for a buyer without having an agency agreement in place, she is acting as a sub-agent for the seller. In this situation, she does not have a formal agreement with the buyer to represent their interests, which means she does not function as their agent.

In the context of real estate, a sub-agent typically acts on behalf of the seller, assisting in the selling process. The lack of an agency agreement with the buyer means that Cheyenne cannot advocate for the buyer’s interests; instead, her actions are aligned with the seller's needs. This can create potential conflicts of interest, as she must be careful not to disclose confidential information regarding the buyer's position or motivations to the seller, unless explicitly authorized.

Sub-agency is established through the cooperation of multiple agents in a transaction, where the listing agent and their firm represent the buyer without directly employing them. Thus, Cheyenne's role in this case is that of a sub-agent for the seller, helping facilitate the sale while primarily representing the seller's interests. This role underlines the importance of agency agreements in real estate transactions, as they clarify the responsibilities and loyalties in a deal.