Agency
In Utah, the agency relationship between a seller and a listing agent is most commonly created by:
AAn oral agreement
BA written listing agreement signed by both parties✓ Correct
CA handshake and verbal agreement
DAn MLS entry
Explanation
The listing agreement is the written contract that creates the agency relationship between the seller and the listing broker. Utah requires listing agreements to be in writing to be enforceable.
Related Utah Agency Questions
- A Utah seller's agent who is NOT also the buyer's agent owes which duty to the buyer?
- The Utah disclosure requirements for real estate agents most directly protect:
- The Utah Seller Disclosure Act requires sellers to disclose:
- An agent in Utah who tells a buyer 'This neighborhood is really popular with young families—you'll love it' is most likely engaging in:
- A Utah buyer's agent who is showing homes and discovers the seller's agent has made false statements in the MLS listing should:
- A Utah real estate licensee acting as a buyer's agent signs a buyer representation agreement. This agreement:
- An agent who tells a buyer 'this neighborhood is changing' to suggest demographics are shifting may be committing:
- When a Utah seller's agent learns that the buyer has a much higher budget than the buyer has disclosed, the agent must:
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