Question

A listing agreement is a contract between the property owners and what parties?

(A) Real estate brokers
(B) Buyers
(C) Lenders
(D) None of the above

Answer 1

A listing agreement is a contract between property owners and real estate brokers that outlines the terms and conditions for brokerage services.

Step-by-step explanation:

A listing agreement is a contract between the property owners and real estate brokers. It is an agreement that sets out the terms and conditions for the brokerage services provided by the real estate broker. The agreement typically includes details such as the listing price, duration of the agreement, and the commission to be paid to the broker upon successful sale of the property.

Answer 2

Step-by-step explanation:

A listing agreement is a contract between the property owners and:

(A) Real estate brokers.

The correct answer is A. A listing agreement is a legal contract that establishes the relationship between property owners and real estate brokers. The property owners (sellers) enter into an agreement with the real estate brokers to give them the authority to market and sell the property on their behalf. This agreement outlines the terms and conditions of the arrangement, including the listing price, duration of the agreement, and the broker's commission. The purpose of the listing agreement is to define the responsibilities and obligations of both parties in the real estate transaction.