Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate
Kevin - referring to you answer to Bruce Hicks , that was my first thought as well. The listing agreement doesn't mention buyers.
I honestly wouldn't know how to answer that - but you're also in Colorado so there are always difference in the way terms are used.
Jun 07, 2018 01:46 PM
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Kevin Ray
Aurora, CO
Thanks for commenting on this. There have been a lot of odd questions in Laura's course and I will be sharing a few of them here to get everybody's thoughts on them. This one is not nearly the worst, but it makes you stop and wonder if you are missing something; I think the answer should have left the buyer out of it because there is no reason to mention the buyer.
Jun 07, 2018 01:51 PM
#1. is the obvious answer. Kevin Ray 2) A listing Agreement is never a sales contract. 3) it's not applicable that a Listing Agreement gets assigned.
4) A listing is not a mortgage. Teachers like to word a question so that it may appear tricky.
Kevin Ray
Aurora, CO
My question though is why would they mention the buyer in the answer. That makes the answer incorrect to some degree. I agree that 1 is the answer, but by stating that a listing agreement is a contract between buyer and broker..... that is not correct. It is just a poorly written answer is what I am saying.