AgencyIntermediateDelaware Exam
In Delaware, a listing agreement is a contract between:
AThe seller and the buyer
BThe seller and the listing brokerCorrect
CThe seller and the MLS
DThe listing broker and the buyer's broker
Why The seller and the listing broker Is Correct
Answer B: The seller and the listing broker
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.
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
Related Delaware Agency Questions
- What is 'apparent authority' in a Delaware real estate agency relationship?Agency
- What is a 'seller's agent' primary obligation in Delaware under the listing agreement?Agency
- Under Delaware law, a broker who represents both buyer and seller in the same transaction as a dual agent must:Agency
- What is a 'listing presentation' in Delaware real estate?Agency
- What is an 'open listing' in Delaware real estate?Agency
- An agent's duty of accounting requires:Agency
- If a buyer's agent learns that the seller is under financial distress, the agent's obligation is to:Agency
- A Delaware listing agent who fails to present a written offer because they personally believe the seller will not accept it has:Agency
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →