A listing agreement creates an agency relationship between:
Correct Answer
B) Seller and broker
A listing agreement is a contract between the property seller and the broker, creating an agency relationship where the broker represents the seller's interests in finding a buyer.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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