Colorado Sales License Practice Test

The term for an agreement between a real estate agent and a seller to sell a property is a listing agreement. This document outlines the responsibilities of both the seller and the real estate agent, including the terms of the sale, the agent's commission, and the duration of the agreement. It essentially grants the agent the authority to represent the seller in the sale of their property.

In this context, the listing agreement is crucial because it formalizes the relationship and sets the expectations for how the property will be marketed and sold. It often includes various details, such as pricing strategies and marketing plans, ensuring that both parties are aligned in their approach.

Other terms, such as a buyer's agreement, refer to a contract between a buyer and an agent, and a lease agreement typically pertains to rental transactions, which are unrelated to the sale of property. An exclusive rights agreement is a specific type of listing agreement that grants the agent exclusive rights to sell the property, but it is not a general term for the agreement itself. Therefore, the most accurate and encompassing term for the agreement between a real estate agent and a seller is indeed the listing agreement.