Agency
Agency Practice Question
The document defining the broker-seller relationship is:
A
Disclosure statementB
Exclusive agency contractC
Listing agreementD
Purchase contractExplanation
A listing agreement is the contract between a property owner and a real estate broker that establishes the terms of the broker's employment to sell the property.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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