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5 March, 06:15

Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.

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  1. 5 March, 06:36
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    Create an agency relationship.

    Explanation:

    Listing agreements: It is an agreement between the broker of real estate and the owner of real estate property which develops the agency relationship so that the agreement would be legally binding to each other.

    Plus in this agreement, the broker has is to act as the agent of the owner property. In return to this, the broker gets the commission from the owner.
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