A listing agreement is an express contract between a real estate broker and a seller to do what?

• A. To manage the rental property
• B. To represent the seller in negotiations
• C. To find a buyer or tenant for the property
• D. To supervise property maintenance

Answer: (C)

A listing agreement is an express contract that gives the real estate broker the authority to market the seller’s property and to represent the seller in dealings with buyers or tenants. Its central purpose is to find a buyer for a sale or a tenant for a lease. The broker will advertise, show the property, screen prospects, and present offers to the seller, guiding negotiations toward a sale or rental. Other tasks like managing rental property or supervising maintenance are handled by different types of agreements, and while negotiating on the seller’s behalf is part of the broker’s role under the listing, the main aim is to procure a buyer or tenant.