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24 July, 21:49

What agreement authorizes a broker to represent a buyer or tenant in the search for a property to rent or purchase?

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  1. 24 July, 22:37
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    Answer: listing agreement

    Explanation:

    A listing agreement is a document in which a property owner (as principal) contracts with a real estate broker (as agent) to find a buyer for the owner's property. The term of this Listing Agreement is referred to as the "Listing Period".

    The owner certifies and represents to broker that he/she is duly authorized and entitled to lease the property and to enter into a legally binding lease agreement with a Tenant. The owner grants exclusive right to offer a property for rent and/or lease according to agreed terms.
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