Question

Which of these statements is true? a. Once a listing agreement is signed by all parties, it cannot be changed. b. The seller can change the listing agreement whenever he or she wants. c. A listing agreement can be modified, but only if all parties agree in writing. d. A listing agreement can change by the mutual verbal agreement of all parties.

Answer 1

Answer:

The correct answer is letter "C": A listing agreement can be modified, but only if all parties agree in writing.

Explanation:

A Listing Agreement is a contract by which the owner of an asset hires a broker so the specialist will be in charge of selling the asset. Listing Agreements are typically used in real estate but can be applied in some other fields. For it to be changed, all the parties involved must agree in the new terms of the contract.