Contracts
A Minnesota listing agreement is a contract between:
AThe seller and the salesperson personally
BThe seller and the brokerage firm✓ Correct
CThe MLS and the seller
DThe buyer and the listing agent
Explanation
A Minnesota listing agreement is a contract between the seller (principal) and the brokerage firm (agent), not the individual salesperson. The salesperson acts on behalf of the brokerage. This is why compensation is paid to the brokerage, not directly to the salesperson.
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