Who is responsible for releasing a seller from a listing agreement?

Study for the Georgia MLS Exam. Prepare with comprehensive multiple choice questions, each with hints and explanations. Excel on your exam!

The listing broker is typically responsible for releasing a seller from a listing agreement because the broker holds the contractual relationship with the seller. When a seller decides they no longer want to be bound by a listing agreement, it is the listing broker’s duty to manage that termination process. This ensures all aspects of the contract are handled legally and properly, protecting both the seller's and the broker's interests.

The listing broker may release the seller from the agreement if the terms of the contract allow for such a release, or if both parties mutually agree to terminate the agreement. Additionally, the broker may need to provide the seller with a formal release document, ensuring that there are no ongoing obligations. This process is crucial for maintaining professional standards and ethics within real estate practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy