As a professional, I am aware of the importance of providing relevant and informative content for readers to engage with. In this article, we will discuss the false statement found in the quizlet on listing agreement statements.
Before we dive into the answer, let`s first understand what a listing agreement is. A listing agreement is a contract between a property owner and a real estate agent, where the agent has the exclusive right to market and sell the property. The agreement outlines the terms and conditions of the sale, such as the listing price, commissions, and duration of the agreement.
Now, let`s take a look at the quizlet on listing agreement statements. The statements are as follows:
1. “The listing agreement establishes the agency relationship between the seller and the agent.”
2. “The listing agreement can be terminated by the seller or the agent at any time.”
3. “The listing agreement is a legally binding contract.”
4. “The listing agreement only applies to residential properties.”
Out of these statements, the false statement is number four. The listing agreement does not only apply to residential properties but also to commercial and industrial properties.
It is essential for both the seller and agent to understand the terms and conditions outlined in the listing agreement before signing it. Being aware of the false statement in the quizlet can help individuals become more knowledgeable about the real estate industry and avoid potential misunderstandings.
In conclusion, the false statement found in the quizlet on listing agreement statements is that the listing agreement only applies to residential properties. As a professional, it is crucial to provide accurate and helpful information to readers to ensure their satisfaction and engagement.