Final answer:
A listing contract outlines the responsibilities and obligations of a real estate broker when selling a property. The broker agrees to put the seller's interests first, market the property, and represent both the property and the seller. All of these duties are mentioned in the listing contract.
Step-by-step explanation:
A listing contract is an agreement between a real estate broker and a property seller. The main purpose of a listing contract is to outline the responsibilities and obligations of the broker in selling the property. According to a listing contract, a broker agrees to fulfill several duties:
- Put the seller's interests above any others: The broker is obligated to act in the best interests of the seller, prioritizing their needs and goals throughout the selling process.
- Market the property: The broker is responsible for advertising and promoting the property to potential buyers, utilizing various marketing strategies and platforms.
- Represent the property and the seller: The broker represents the property to potential buyers, providing information, negotiating offers, and facilitating the sale on behalf of the seller.
Therefore, the correct answer is All of the above. The broker agrees to prioritize the seller's interests, market the property, and represent both the property and the seller.