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A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
A broker must exercise reasonable supervision over the activities of salespersons associated with the brokerage. Reasonable supervision includes the establishment of policies, rules, procedures and systems to review, oversee, inspect and manage the salespersons activities.
The Independent Contractor Agreement form (CARICA) is the independent contractor form that must be used by brokers in California.
Section 10131 of the California Business and Professions Code lists the activities that require a real estate broker license. A licensed real estate salesperson must perform any of such licensed activities under the supervision of his or her responsible broker.
Listing agreements A listing agreement is a written employment contract between a client and a licensed real estate broker. On entering into a listing agreement, the broker is retained and authorized to perform real estate related services on behalf of the client in exchange for a fee.