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 signing a listing form.
When homeowners sign a listing form, they are establishing a contractual agreement with the brokerage firm that represents them in the sale of their property.
A) salesperson who filled out the form.
This option is incorrect because while the salesperson may assist in the transaction, the contract is not with them personally but rather with the brokerage firm they represent. The salesperson acts as an agent of the brokerage.
B) local Board of Realtors.
This option is incorrect as the local Board of Realtors is an organization that supports real estate professionals, but it is not a party to the contract between homeowners and their brokerage firm.
C) potential buyers.
This option is also incorrect because potential buyers are not involved in the contract at the time the listing form is signed. The agreement is solely between the homeowner and the brokerage firm.
D) brokerage firm.
This is the correct option, as homeowners sign the listing form to enter into a contract with the brokerage firm, which will facilitate the sale of the property and represent the homeowner's interests.
Conclusion
The correct answer is option D because the listing form formalizes the relationship between homeowners and the brokerage firm, which is responsible for managing the sale process. Options A, B, and C are incorrect as they misidentify the party with whom the contract is established, highlighting the importance of understanding the role of the brokerage in real estate transactions.