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Who owns any listing contracts secured by a real estate salesperson...?

The real estate salesperson
The seller
The sponsoring broker
Both the real estate salesperson and the broker

1 Answer

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Final answer:

The correct answer is: Both the real estate salesperson and the broker.

Step-by-step explanation:

In a real estate transaction, the listing contract is typically signed between the seller and the real estate salesperson. However, the salesperson operates under the supervision and sponsorship of a licensed real estate broker. This means that both the salesperson and the broker have ownership of the listing contract.

The salesperson works directly with the seller to secure the listing contract and represent their interests in the transaction. At the same time, the broker provides oversight, training, and support to the salesperson, ultimately taking responsibility for the contract as well.

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