Agency
Agency Practice Question
Which real estate contract is a service contract?
A
Purchase agreementB
Listing agreementC
Option contractD
MortgageExplanation
A listing agreement is a service contract between the seller and broker for the broker's services in finding a buyer.
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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