Which of the following aspects is NOT typically included in a listing agreement?

Prepare for the Arizona Real Estate Contract Test. Engage with interactive quizzes and comprehensive content to master real estate contracts. Get exam-ready with confidence!

A listing agreement serves as a contractual arrangement between a property owner and a real estate brokerage, outlining the terms under which the property will be marketed for sale. In this context, elements such as the term of the listing, the brokerage commission, and details about property taxes are standard inclusions.

The term of the listing specifies the duration for which the brokerage has the authority to market the property, creating a timeline for sales efforts. The brokerage commission outlines the fee that the seller will pay to the broker for their services, typically expressed as a percentage of the sale price. Additionally, property taxes might be mentioned as they can impact the selling price or be relevant to potential buyers when assessing the affordability of a property.

However, a seller's financial history is not usually included in a listing agreement. This is because financial history pertains to the seller's personal and financial status, which does not directly impact the marketing of the property nor the transaction process as outlined in a listing agreement. Instead, such financial information may be required in other contexts, such as when qualifying for financing or during a buyer’s due diligence phase, but it is not necessary for the transactional duties between a seller and their brokerage. Thus, it is the aspect that does not typically appear in a listing

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy