Agency
A listing broker's authority to sell property is granted by the:
AMLS agreement
BListing contract between the broker and seller✓ Correct
CAREC license
DCooperating broker's agreement
Explanation
The listing agreement (listing contract) is the agency contract that grants the broker authority to market and sell the property on behalf of the seller. It defines the scope of the broker's authority.
Related Arkansas Agency Questions
- A principal broker who allows a salesperson to operate independently without adequate supervision may be liable for:
- A buyer's agent accepts a referral fee from a home inspector. This is:
- A transaction broker in Arkansas:
- When does an agency relationship typically terminate?
- When does an agency relationship with a buyer typically begin?
- The principal in an agency relationship is also known as the:
- When a buyer's agent presents multiple offers to a seller's agent, the seller's agent should:
- Under Arkansas law, an agent must disclose to a buyer that they have a personal financial interest in a transaction. This is required by the duty of:
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