Agency
In Wyoming, which of the following best describes the legal relationship created by a listing agreement?
AA joint venture between broker and seller
BA special agency where the broker has limited authority to represent the seller in selling the property✓ Correct
CA general agency where the broker can bind the seller in all matters
DAn independent contractor relationship with no fiduciary duties
Explanation
A listing agreement creates a special (limited) agency where the broker has authority to represent the seller specifically in marketing and selling the property. The broker cannot bind the seller to a sale—only the seller can accept an offer. The broker owes fiduciary duties within this limited scope.
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