Agency
In Arizona, a 'listing agreement' is a contract between:
AThe seller and the buyer
BThe seller and the listing broker✓ Correct
CThe listing broker and the buyer's broker
DThe seller and the ADRE
Explanation
A listing agreement is a contract between the property owner (seller) and the listing broker, establishing the terms of the broker's authority to market the property and the compensation the broker will receive. The salesperson works under the broker but is not a party to the listing agreement.
Related Arizona Agency Questions
- An Arizona licensee who earns a referral fee from a home warranty company in connection with a transaction must:
- A listing agent's PRIMARY fiduciary duty runs to the:
- Which fiduciary duty requires an agent to place the client's interests above all others, including the agent's own interests?
- In a transaction brokerage (non-agency) relationship in Arizona, the licensee owes the customer:
- An Arizona listing broker has a duty to present all offers to the seller:
- Under Arizona law, limited dual representation requires:
- An Arizona agent representing a buyer discovers a material defect in a property that the seller has not disclosed. The agent must:
- The fiduciary duty of 'obedience' requires an agent to:
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