A listing contract in BC real estate is between which parties?

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Study for the UBC Real Estate Exam. Access flashcards and multiple choice questions with hints and explanations. Enhance your preparation and ensure success!

Multiple Choice

A listing contract in BC real estate is between which parties?

Explanation:
In BC real estate, the listing contract is a contract between the seller and the brokerage. The brokerage is the licensed entity that represents the seller in marketing the property, negotiating offers, and handling the sale. While a licensed agent or salesperson acts on behalf of the brokerage, they are not the contracting party themselves—the brokerage is. The seller pays the brokerage, which then compensates the agent. The other options don’t fit because a listing is not an agreement with a buyer or with a lender, and it’s not between the seller and an individual agent.

In BC real estate, the listing contract is a contract between the seller and the brokerage. The brokerage is the licensed entity that represents the seller in marketing the property, negotiating offers, and handling the sale. While a licensed agent or salesperson acts on behalf of the brokerage, they are not the contracting party themselves—the brokerage is. The seller pays the brokerage, which then compensates the agent.

The other options don’t fit because a listing is not an agreement with a buyer or with a lender, and it’s not between the seller and an individual agent.

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