A listing agreement is a contract between:
Why The seller and the listing broker Is Correct
Answer B: The seller and the listing broker
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related California Questions
- A listing agreement is a type of contract between:Contracts
- What is the term for an agency created by written or oral agreement between the principal and agent?Agency
- When does an agency relationship typically terminate in a listing agreement?Agency
- Which type of listing agreement gives the broker the most protection and guarantees a commission regardless of who sells the property?Agency
- A listing agreement that automatically renews unless cancelled is called a(n):Agency
Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →