Agency
The agency relationship between a listing broker and seller is typically created by:
AImplied conduct at the first showing
BA written listing agreement signed by the seller✓ Correct
COral agreement confirmed by email
DAn MLS input form
Explanation
Agency with the seller is established by a written listing agreement. The Statute of Frauds and Arkansas brokerage law require real estate brokerage agreements to be in writing.
Related Arkansas Agency Questions
- 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:
- AREC requires agency disclosure in Arkansas to be made to prospective buyers and sellers. The primary purpose of agency disclosure is to:
- A licensee who represents the buyer in a transaction where the licensee's spouse is the seller must:
- An agent who misrepresents property square footage in the MLS is guilty of:
- A listing expires and the seller relists with a different broker. The original broker hears the new listing sold and feels they deserve a commission because they introduced the buyer during their listing period. Which doctrine might support their claim?
- An agent notices the listed property has electrical wiring that appears hazardous but the seller has not disclosed it. The agent should:
- A cooperating broker who finds a buyer for a listed property typically earns compensation through:
- When a seller's agent advertises the property using drone photography without the neighbor's knowledge, and the drone flies over the neighbor's property, potential issues include:
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