Listing Agreements: Main Features and Parties

What type of service agreement may involve granting a single broker the exclusive right to sell a property?

In a net listing, who receives all sale proceeds above the minimum price?

What type of agreement creates a fiduciary relationship between a buyer and their representative?

Who can agents delegate their duties to according to the text provided?

What might incur liability for commission or damages when revoking a listing?

Which type of agreement must contain an expiration date and other valid listing requirements?

What is discouraged and may even be illegal in real estate transactions?

Who is owed commission in case of a dispute among agents based on procuring cause?

'Limited services agreements' in real estate require licensees to disclose that they are acting as what type of representative?

What are the main features of a listing agreement?

Who acts as a fiduciary for the listing broker's client?

What are the fiduciary duties imposed on the agent towards the client?

What is the type of agency agreement where the broker is prohibited from contracting for the client without explicit authorization?

In which type of contract are oral listings considered valid and enforceable?

What is the salesperson's role in relation to the broker?

Which party is responsible for actions performed by brokers within their scope of authority?

What are the fiduciary duties imposed on the agent towards the client?

In a limited agency agreement, what is the broker prohibited from doing without explicit authorization?

What defines the responsibilities of each party involved in a listing agreement?

What is the primary distinction between a client and a customer in a real estate transaction?

In what capacity does a salesperson act in relation to the broker?

What type of contract must be written to be enforceable in some states for listings?

What type of service contract is not assignable according to the text provided?

Which party in a real estate transaction is considered a non-fiduciary principal?

What is the basis for agent compensation in real estate transactions?

What type of agreement defines a legal relationship where a salesperson acts as an agent and fiduciary for the broker?

What type of service agreement is discouraged and may even be illegal in real estate transactions?

Which type of agency agreement involves granting a single broker the exclusive right to sell a property?

When revoking a listing, what might incur liability for commission or damages?

In real estate, which party negotiates compensation with the principal?

What type of listing allows the procuring cause to receive a commission, but not if the client secures a customer?

Which type of agreement requires licensees to disclose that they are acting as a limited service representative?

What type of agreement creates a fiduciary relationship between a buyer and their representative?

What happens in exclusive agency agreements in real estate?

What is the role of salespeople and other brokers according to the text provided?

How is compensation handled in case of a dispute among agents based on procuring cause?

What does a listing agreement establish between the broker and client?

Who acts as a fiduciary for the listing broker's client?

What are the fiduciary duties imposed on the agent towards the client in real estate transactions?

In real estate, what type of contract must be written to be enforced in some states?

Who is responsible for actions performed by brokers within their scope of authority?

What is the legal relationship between a salesperson and a broker in real estate transactions?

What type of agent is a salesperson in relation to the client?

What is the primary basis for agent compensation in real estate transactions?

What type of contract prohibits brokers from contracting for the client without explicit authorization?

What role does a subagent play in a real estate transaction?

What is the primary purpose of an exclusive right-to-sell service agreement in real estate?

In a net listing agreement, who receives the sale proceeds above the minimum price?

Which type of service agreement in real estate is discouraged and may even be illegal?

What type of contract must contain an expiration date and be in writing to be enforceable for listings in some states?

What is the essential characteristic of an open listing service agreement in real estate?

What is the distinguishing feature of a limited services agreement in real estate transactions?