Contracts
A Missouri listing contract is an example of which type of agency contract?
AUnilateral contract
BOption contract
CEmployment contract (bilateral)✓ Correct
DLand contract
Explanation
A listing agreement is a bilateral employment contract where the seller promises to pay a commission and the broker promises to use diligent efforts to find a buyer.
Related Missouri Contracts Questions
- In Missouri, an addendum to a purchase contract:
- In Missouri, when a seller's listing agreement expires and the buyer's agent was the procuring cause of the eventual sale, the listing broker may still be entitled to commission under:
- A counteroffer in Missouri:
- A Missouri purchase contract contains an escalation clause that says the buyer will pay $2,000 more than any competing bona fide offer up to $350,000. A competing offer of $330,000 exists. What does the buyer pay?
- A Missouri purchase contract accepted by the seller becomes binding when:
- A Missouri contract is voidable when:
- Under Missouri's Statute of Frauds, a contract for the sale of real estate must be:
- A Missouri seller who wants to retain the right to sell the property on their own without paying a commission should sign a(n):
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