91. When homeowners sign a listing form, they are entering into a contract with the
Answer: D
Homeowners enter into a contract with the brokerage firm when they sign a listing form.
When homeowners sign a listing form, they are legally binding themselves to a contract with the brokerage firm, which represents their interests in the sale of the property.
A) salesperson who filled out the form.
This option is incorrect because while the salesperson may assist in the process, the contract is not with the individual salesperson but rather with the brokerage firm that employs them. The salesperson acts as an agent for the brokerage, not as a separate contracting entity.
B) local Board of Realtors.
This option is also incorrect. The local Board of Realtors is an organization that provides support and resources to real estate professionals, but homeowners do not enter into a contract with them when signing a listing form. The contract is specifically between the homeowner and the brokerage firm.
C) potential buyers.
This option is incorrect. Homeowners do not enter into a contract with potential buyers when signing a listing form. The listing form establishes a relationship with the brokerage firm, which will then facilitate interactions with prospective buyers, but the contract itself does not involve them directly.
D) brokerage firm.
This is the correct option. When homeowners sign a listing form, they are entering into a contractual agreement with the brokerage firm, which will represent them in the sale of their property. This firm is responsible for marketing the property and negotiating with buyers on behalf of the homeowner.
Conclusion
The correct answer is D because the listing form establishes a contractual relationship between homeowners and the brokerage firm, which is responsible for managing the sale process. Options A, B, and C fail to recognize that the contract is not with an individual agent, an organization, or buyers, but specifically with the brokerage firm that represents the homeowners.