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Which of the following is specific to the WB-4 Condominium Listing Contract?

1) Seller's Property Disclosure Statement
2) Exclusive Right to Sell Listing Agreement
3) Residential Real Estate Listing Agreement
4) Exclusive Agency Listing Agreement

1 Answer

3 votes

Final answer:

The WB-4 Condominium Listing Contract is a specialized form designed for listing condominiums for sale. From the options provided, the closest match is the Residential Real Estate Listing Agreement, which covers the listing of residential properties, such as condos.

Step-by-step explanation:

The WB-4 Condominium Listing Contract is a specific form used in real estate for the purpose of listing a condominium for sale. Among the options listed, the form that is specific to listing a condominium for sale is the Residential Real Estate Listing Agreement, which is a general term that can include the listing of condominiums. However, the WB-4 is a specialized form that is specifically designed for condominium sales in certain jurisdictions. Considering this, the closest match from the provided options would technically be the Residential Real Estate Listing Agreement, as it is the only type of agreement mentioned which would be used for residential properties, including condos.

WB-4 is not the same as an Exclusive Right to Sell Listing Agreement, which gives a single broker the exclusive right to earn a commission by representing the seller and bringing a buyer, nor is it an Exclusive Agency Listing Agreement, where the seller retains the right to sell the property themselves without owing a commission to the listing broker. The Seller's Property Disclosure Statement is a document provided by the seller of a property disclosing details of the condition of the property and is not a listing agreement at all.

User Eduardo Chavira
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