Agency
In Arkansas, which written document typically establishes the seller's agency relationship with a listing broker?
APurchase agreement
BDisclosure statement
CListing agreement✓ Correct
DDeed
Explanation
The listing agreement is the contract that establishes the agency relationship between a seller and the listing broker, outlining duties, compensation, and the terms of the relationship.
Related Arkansas Agency Questions
- A seller's listing agent discovers that the basement leaks during heavy rain. The seller asks the agent not to tell buyers. The agent should:
- An agent who discloses confidential information about a client to a third party without permission may be liable for:
- A seller's agent receives two offers simultaneously. The agent's duty of disclosure requires them to:
- An Arkansas buyer's agent learns that their buyer client is willing to pay up to $250,000 for a property listed at $235,000. The agent:
- The duty of OBEDIENCE requires an agent to:
- An agent's authority to bind the principal in contract is called:
- Which of the following would MOST likely terminate an agency relationship?
- In an in-house transaction where the same brokerage represents both buyer and seller, the broker may avoid dual agency by using:
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