Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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Who is the listing contract between in a real estate transaction?

  1. Agent and seller

  2. Seller and broker

  3. Broker and buyer

  4. Agent and buyer

The correct answer is: Seller and broker

In a real estate transaction, the listing contract is between the seller and the broker. This is because the seller is the one who is hiring the broker to represent them and their property. Option A, agent and seller, may seem correct as the agent is the one working directly with the seller, but in reality, the agent is contracted by the broker, making the broker the primary party in the contract. Option C, broker and buyer, may seem logical as the broker is the one who ultimately finds and finalizes the deal with the buyer, but the listing contract is specifically between the seller and the broker. Option D, agent and buyer, is incorrect as the agent works for the broker and does not have a direct contract with the buyer in a traditional real estate transaction. It is important to understand the roles and relationships between all parties involved in a real estate transaction, including the listing contract between the

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