Which is NOT one of the brokerage firm's obligations in a listing contract?

Which is NOT one of the brokerage firm's obligations in a listing contract?

• A. Finding a buyer
• B. Managing the property
• C. Advertising the property
• D. Retaining earnest money if buyer forfeits

Answer: (B)

In a listing contract, the obligations of a brokerage firm typically include specific actions related to marketing and facilitating the sale of a property. Among these obligations are finding a buyer and advertising the property, as these directly relate to the goal of the listing agreement, which is to sell the property. Managing the property, however, falls outside the typical scope of a brokerage firm's responsibilities in a listing contract. Property management usually involves tasks such as overseeing day-to-day operations, handling tenant relations, and maintaining the property, which are distinct from the tasks involved in selling a property. Retaining earnest money is also not a standard obligation of the brokerage firm in a listing contract. While earnest money is related to the sale process, its retention typically occurs after the acceptance of an offer, which is beyond the preliminary obligations of the listing agreement. Thus, managing the property is not one of the brokerage firm's primary obligations in a typical listing contract, making it the correct answer to the question.

In a listing contract, the obligations of a brokerage firm typically include specific actions related to marketing and facilitating the sale of a property. Among these obligations are finding a buyer and advertising the property, as these directly relate to the goal of the listing agreement, which is to sell the property.

Managing the property, however, falls outside the typical scope of a brokerage firm's responsibilities in a listing contract. Property management usually involves tasks such as overseeing day-to-day operations, handling tenant relations, and maintaining the property, which are distinct from the tasks involved in selling a property.

Retaining earnest money is also not a standard obligation of the brokerage firm in a listing contract. While earnest money is related to the sale process, its retention typically occurs after the acceptance of an offer, which is beyond the preliminary obligations of the listing agreement.

Thus, managing the property is not one of the brokerage firm's primary obligations in a typical listing contract, making it the correct answer to the question.