Question

This is a contract in which a property owner employs a real estate broker to market the property described in the contract...?

Independent contractor agreement
Listing contract
Purchase contract
Sales contract

Answer 1

A listing contract is a legal agreement between a property owner and a real estate broker in which the property owner employs the broker to market and sell the property.

Step-by-step explanation:

The contract described in the question is called a listing contract.

A listing contract is a legal agreement between a property owner and a real estate broker. The property owner employs the broker to market and sell the property. The contract outlines the terms and conditions of the agreement, including the broker's commission, the listing price, and the duration of the listing.

For example, if you want to sell your house and you hire a real estate agent, you would sign a listing contract with them, giving them the exclusive right to market and sell your property.