Study for the Aceable Agent Finance Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

Who signs the listing to start the contract?

Signing a listing starts with the property owner. The seller signs the listing agreement to authorize a real estate broker to market the home, set terms, and pursue a sale. This signature makes the contract binding between the seller and the broker. The broker’s signature may appear as well to bind the brokerage, but the crucial starting point is the seller’s confirmation. The buyer or mortgage lender aren’t parties to the listing contract and come into play later with offers and financing.

Signing a listing starts with the property owner. The seller signs the listing agreement to authorize a real estate broker to market the home, set terms, and pursue a sale. This signature makes the contract binding between the seller and the broker. The broker’s signature may appear as well to bind the brokerage, but the crucial starting point is the seller’s confirmation. The buyer or mortgage lender aren’t parties to the listing contract and come into play later with offers and financing.