Contracts
A listing agreement in Massachusetts is best described as:
AA unilateral contract where only the seller makes promises
BA bilateral contract where both broker and seller make promises✓ Correct
CA void contract because commission is not guaranteed
DAn option contract giving the broker the right to purchase
Explanation
A listing agreement is a bilateral contract: the seller promises to pay a commission if the broker procures a ready, willing, and able buyer, and the broker promises to use due diligence to find such a buyer.
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