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Closing the transaction is seldom listed as a broker's responsibility in a listing agreement.

a. True
b. False

1 Answer

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Final answer:

The claim that closing the transaction is seldom a broker's responsibility in a listing agreement is false. Brokers often have a role in closing the sale, including managing documents and coordinating with necessary parties to complete the transaction.

Step-by-step explanation:

The statement that closing the transaction is seldom listed as a broker's responsibility in a listing agreement is false. In real estate, the broker's responsibilities typically include marketing the property, finding qualified buyers, and facilitating negotiations. However, they often also play a crucial role in the closing process, which includes tasks like ensuring all documents are in order, coordinating with escrow companies, and sometimes attending the closing itself. The specific responsibilities may vary by agreement and jurisdiction, but it is common for the closing to be part of the broker's role in a real estate transaction.

User Alfred Zhong
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