Who typically signs a listing agreement?

Study for the New Mexico Real Estate Exam. Use flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The correct answer is that the property owner and the broker typically sign a listing agreement. A listing agreement is a contract that establishes the relationship between the property owner, who wants to sell or lease their property, and a real estate broker, who will help market the property and find potential buyers or tenants. This agreement outlines the terms and conditions under which the broker will operate, including the duration of the agreement, the commission structure, and the responsibilities of each party.

The property owner’s signature indicates their consent to allow the broker to act on their behalf in all matters pertaining to the sale or lease of the property. The broker, by signing the agreement, commits to represent the property owner's interests and provides a professional level of service in the real estate transaction.

The other choices involve parties or situations that do not accurately reflect the typical setup of a listing agreement, such as including buyers, transactions not pertaining directly to a listing, or roles that are not normally part of the listing agreement process.

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