A correct statement about agency relationships when a salesperson lists a property is that:

A. The licensee becomes a principal.
B. The seller is entitled to subagency from all licensees who show the property.
C. The licensee's broker becomes the agent of the seller.
D. The seller must sign a dual-agency relationship agreement with all prospective buyers.

Question

28-06-2024
Business

Answered

A correct statement about agency relationships when a salesperson lists a property is that:

A. The licensee becomes a principal.
B. The seller is entitled to subagency from all licensees who show the property.
C. The licensee's broker becomes the agent of the seller.
D. The seller must sign a dual-agency relationship agreement with all prospective buyers.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-28T00:13:03-04:00

Final answer:

When a salesperson lists a property, the Licensee's broker becomes the agent of the seller. The seller does not need to sign a dual-agency relationship agreement with prospective buyers.

Explanation:

When a salesperson lists a property, the Licensee's broker becomes the agent of the seller. This means that the broker, who oversees the salesperson, acts on behalf of the seller in the real estate transaction. The seller is not required to sign a dual-agency relationship agreement with prospective buyers. In real estate, the agency relationships are well-defined to protect the interests of all parties involved.

Learn more about Real estate agency relationships here:

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