Contracts
A listing agreement is a type of contract between:
AThe buyer and seller
BThe seller and the listing broker✓ Correct
CTwo brokers cooperating on a sale
DThe buyer and the listing broker
Explanation
A listing agreement is an employment contract between the property owner (seller/principal) and the listing broker. It authorizes the broker to market the property and specifies the broker's compensation, the listing period, and the terms under which a commission is earned.
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