Agency
In Delaware, a listing agreement is a contract between:
AThe seller and the buyer
BThe seller and the listing broker✓ Correct
CThe seller and the MLS
DThe listing broker and the buyer's broker
Explanation
A listing agreement is a bilateral contract between the property owner (seller) and the listing broker, authorizing the broker to market the property and establishing the commission and terms of the agency relationship.
Related Delaware Agency Questions
- A Delaware broker represents both the seller and the buyer in the same transaction. The broker must:
- Under Delaware law, an agency relationship may be terminated by:
- What does the Delaware term 'ministerial acts' mean in the context of a transaction broker?
- What is the 'economic life' of a building and why does it matter in real estate?
- What is 'constructive fraud' in Delaware real estate agency?
- A subagent in Delaware is an agent who:
- What is the principal-agent relationship in Delaware real estate?
- What is the difference between 'active fraud' and 'constructive fraud' in Delaware agency?
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