Agency
The scope of a listing agent's authority under a Pennsylvania exclusive right-to-sell agreement typically includes:
AAuthority to accept offers on the seller's behalf
BAuthority to market, show, and present offers but NOT to accept offers — only the seller can accept✓ Correct
CAuthority to reduce the listing price as needed to attract buyers
DAuthority to bind the seller to repair requests
Explanation
A listing agent has authority to market the property, coordinate showings, and present offers to the seller. However, the agent does NOT have authority to accept offers on the seller's behalf — only the seller can accept.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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