Tennessee Real Estate Exam Practice Question
Which of the following best describes the document that creates an agency relationship between a seller and a broker?
Correct Answer: C
Rationale: A listing contract specifically establishes an agency relationship between a seller and a broker, outlining the broker's authority to represent the seller in real estate transactions.
Option A, an offer to purchase, is a proposal made by a buyer to acquire property, not a document that creates an agency relationship. Option B, a contract to sell, refers to the agreement to transfer property ownership but does not define the agency relationship. Option D, an option agreement, grants a buyer the right to purchase property in the future but does not create an agency relationship between a seller and a broker.
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