Which term refers to the agreement between the seller and the broker?

The agreement between the seller and the broker is known as Form A. This form specifically outlines the relationship and responsibilities between the seller and the broker, establishing the terms under which the broker will represent the seller in the transaction. It includes important aspects such as the scope of the broker's services, the commission structure, and the duration of the agreement.

Understanding Form A is crucial for brokers as it governs their conduct and obligations. It safeguards the interests of both parties involved by clearly defining expectations and ensuring that both the seller and the broker are aligned in their goals. By recognizing Form A, real estate professionals can effectively navigate their responsibilities and work collaboratively to achieve successful outcomes in property transactions.