What is the name of the express agreement between a real estate broker and the seller that hires the broker to locate a buyer or tenant?

• A. Listing agreement
• B. Buyer representation agreement
• C. Cooperative agreement
• D. Property management agreement

Answer: (A)

The main idea here is the contract that a seller signs with a broker to have the broker actively find a buyer or tenant. This is called a listing agreement. It creates an agency relationship where the broker represents the seller, and it lays out terms like the listing price, marketing plan, commission, and how long the agreement lasts. It can be exclusive, meaning the broker earns a commission if anyone sells the property, or non-exclusive in other arrangements. The other options describe different relationships: a buyer representation agreement is between the broker and a buyer, a cooperative agreement relates to how brokers work together on a sale, and a property management agreement covers managing the property rather than selling it.