Virginia Real Estate Exam Practice Question
When a seller signs a brokerage agreement with a broker, it demonstrates the consumer’s acceptance of the agency relationship. This action acknowledges that the broker will represent the seller according to the terms of the agreement. It does not automatically make the broker an exclusive agent nor guarantee a commission unless those specifics are explicitly included in the contract. The key point is the mutual recognition of the agency relationship.
Correct Answer: C
Rationale: The acceptance of the agency relationship is confirmed when the seller signs a brokerage agreement, indicating mutual recognition of the broker's representation.
Option A is incorrect because signing the agreement does not automatically grant the broker exclusive agency status unless specified. Option B is misleading; a commission is not guaranteed without explicit terms in the contract. Option D, while partially true, does not fully capture the essence of the agency relationship, which is primarily about mutual recognition rather than just commitment to listing the house. Thus, option C best reflects the core principle of the agreement.
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