Agency
A listing agreement is an agency contract that creates which type of agency?
ABuyer agency
BSpecial/limited agency for the purpose of selling the property✓ Correct
CGeneral agency allowing the broker to act for the seller in all matters
DUniversal agency authorizing the broker to act as power of attorney
Explanation
A listing agreement creates a special (limited) agency relationship for the specific purpose of marketing and selling the property. The broker is not a general agent for all of the seller's affairs.
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