Contracts
A Pennsylvania listing agreement is a contract between:
AThe salesperson and the seller
BThe broker and the seller✓ Correct
CThe buyer's agent and the seller
DThe MLS and the seller
Explanation
A listing agreement is a contract between the broker (not the individual salesperson) and the seller. Salespersons are agents of their employing broker and act under the broker's license. The broker is the contracting party and responsible for fulfilling the listing agreement.
Related Pennsylvania Contracts Questions
- Pennsylvania's Seller's Property Disclosure Law requires the disclosure statement for:
- A Pennsylvania residential lease for exactly 1 year (12 months) is:
- Which party to a Pennsylvania real estate transaction typically pays for the owner's title insurance policy?
- A 'backup offer' in Pennsylvania is made when:
- A Pennsylvania licensed attorney reviewing a real estate contract for their client cannot be disciplined by PREC because:
- A contingency in a Pennsylvania real estate contract protects the buyer by:
- What is 'consideration' in a Pennsylvania real estate contract and why is it essential?
- What is the difference between an 'assignment' and a 'novation' in a Pennsylvania real estate contract?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →