A seller and a broker enter into a written listing agreement for the seller’s 2-unit dwelling. The broker is authorized to advertise, stage, and solicit offers on the property. The broker’s duties also include advising the seller as to the advantages and disadvantages of offers received. However, the broker cannot accept an offer and bind the seller. This is an example of what type of agency?

All states require real estate agents to be licensed by the state to engage in the sale of real estate. The tests cover such subjects as forms of ownership, physical descriptions, valuation and regulation.