An agreement whereby an owner of real property hires a real estate broker to help the owner sell the property is known as a:
A) power of attorney.
B) rescission agreement.
C) listing agreement.
D) mutual agreement.

Question

Quizplus · Accepted Answer

A listing agreement is a contract between an owner of real property and a real estate broker that grants the broker the authority to act as the owner's agent in the sale of the property. The owner agrees to pay the broker a commission upon the successful sale of the property. A power of attorney is a legal document that grants someone the authority to act on behalf of another person. A rescission agreement is a contract that cancels or terminates a prior agreement. A mutual agreement is a contract between two or more parties in which all parties agree to the terms and conditions of the agreement.

An Agreement Whereby an Owner of Real Property Hires a Real