95. Sellers with an existing buyer approach a licensee to create a contract. After a salesperson explains the services to be provided, the sellers sign a listing agreement with the salesperson's realty company and broker. The salesperson also signs the listing form. As a result, an agency relationship is established between or among the
Answer: D
An agency relationship is established between the broker and the sellers.
In this scenario, the sellers sign a listing agreement with the salesperson's realty company and broker, thereby establishing an agency relationship primarily between the broker and the sellers.
A) salesperson and the sellers.
This option is incorrect because while the salesperson is involved in the transaction, the agency relationship is formally established through the broker. The sellers have signed the agreement with the brokerage, not directly with the salesperson.
B) buyer, the salesperson, and the sellers.
This option is also incorrect. The relationship does not include the buyer in the agency context at this stage. The sellers have engaged the broker's services through the listing agreement, not establishing an agency relationship involving the buyer as well.
C) salesperson and the broker.
This option fails to capture the primary agency relationship as required by the question. Although a relationship exists between the salesperson and the broker, the question specifically pertains to the relationship established by the listing agreement with the sellers, which is directly with the broker.
D) broker and the sellers.
This is the correct answer as the listing agreement is signed between the sellers and the broker. The agency relationship is thus established through the broker, who represents the sellers in this transaction.
Conclusion
The correct answer is D because it accurately reflects the agency relationship formed through the listing agreement signed with the broker. Options A, B, and C fail to correctly identify the nature of the relationship established in this scenario, highlighting the importance of understanding how agency relationships operate in real estate transactions.