What commonly used form outlines the listing agreement terms between a broker and a seller?

What commonly used form outlines the listing agreement terms between a broker and a seller?

• A. Purchase Agreement Form
• B. Contract for Sale
• C. Listing Agreement Form
• D. Brokerage Agreement Form

Answer: (C)

The commonly used form that outlines the listing agreement terms between a broker and a seller is the Listing Agreement Form. This form serves as a legal contract that establishes the relationship between the seller and the broker, detailing the broker's rights and responsibilities in marketing and selling the property. It specifies important aspects such as the duration of the listing, the commission structure, and the agreement on the sale price. This form is essential for ensuring that both parties have a clear understanding of the transaction parameters and expectations. The Purchase Agreement Form pertains to the actual transaction and terms of sale once an offer has been accepted, while the Contract for Sale typically concerns the terms of the sale after a buyer and seller have reached an agreement. A Brokerage Agreement Form could refer to a broader arrangement between a broker and client, but it does not specifically encompass the listing terms required for property sales. Therefore, the Listing Agreement Form is the most appropriate document for establishing the framework for a real estate listing.

The commonly used form that outlines the listing agreement terms between a broker and a seller is the Listing Agreement Form. This form serves as a legal contract that establishes the relationship between the seller and the broker, detailing the broker's rights and responsibilities in marketing and selling the property. It specifies important aspects such as the duration of the listing, the commission structure, and the agreement on the sale price. This form is essential for ensuring that both parties have a clear understanding of the transaction parameters and expectations.

The Purchase Agreement Form pertains to the actual transaction and terms of sale once an offer has been accepted, while the Contract for Sale typically concerns the terms of the sale after a buyer and seller have reached an agreement. A Brokerage Agreement Form could refer to a broader arrangement between a broker and client, but it does not specifically encompass the listing terms required for property sales. Therefore, the Listing Agreement Form is the most appropriate document for establishing the framework for a real estate listing.