Listing Agreement
A written agreement documenting a broker's representation of a seller or landlord, and a common place to obtain intermediary consent.
Quick flashcard
What does Listing Agreement mean on the Texas real estate exam?
Answer: A written agreement documenting a broker's representation of a seller or landlord, and a common place to obtain intermediary consent.
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Listing Agreement definition
A listing agreement is the written contract between a broker and a seller or landlord. Under Sec. 1101.557(a) a broker who lists real estate for sale under an exclusive agreement for a party is that party's agent, which brings the minimum-services duties into play.
Like the buyer-representation agreement, it can establish intermediary consent under Sec. 1101.559(b) when it authorizes intermediary and sets out the Sec. 1101.651(d) prohibited conduct in conspicuous bold or underlined print.
Source basis
Definition checked against the official sources below on .
On the exam
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Tested in
Texas Agency & Intermediary (11 of 40 Texas State Law)
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