Which agreement defines the marketing strategy for the seller's property by the broker?

Which agreement defines the marketing strategy for the seller's property by the broker?

• A. Listing Agreement
• B. Brokerage Contract
• C. Marketing Agreement
• D. Sales Listing

Answer: (A)

The listing agreement is the correct choice because it is a contractual arrangement between the seller of a property and a real estate broker. This agreement specifically outlines the terms under which the broker will market the seller's property, setting the framework for the marketing strategy. Within the listing agreement, the broker typically outlines how the property will be advertised, pricing strategies, and the duration of the listing. This agreement serves as the foundation for the broker’s efforts to sell the property, providing a clear understanding of the seller’s expectations and the broker’s obligations regarding marketing. Other options like brokerage contract and marketing agreement may relate to different aspects of real estate transactions but do not specifically define the marketing strategy of the seller's property in the same focused way that a listing agreement does. The term "sales listing" also describes the property that is available for sale but does not encapsulate the broader strategic marketing plan that the listing agreement explicitly provides.

The listing agreement is the correct choice because it is a contractual arrangement between the seller of a property and a real estate broker. This agreement specifically outlines the terms under which the broker will market the seller's property, setting the framework for the marketing strategy. Within the listing agreement, the broker typically outlines how the property will be advertised, pricing strategies, and the duration of the listing. This agreement serves as the foundation for the broker’s efforts to sell the property, providing a clear understanding of the seller’s expectations and the broker’s obligations regarding marketing.

Other options like brokerage contract and marketing agreement may relate to different aspects of real estate transactions but do not specifically define the marketing strategy of the seller's property in the same focused way that a listing agreement does. The term "sales listing" also describes the property that is available for sale but does not encapsulate the broader strategic marketing plan that the listing agreement explicitly provides.