A listing taken by a real estate broker belongs to the agent and firm equally.
The listing agreement creates an agency relationship between a real estate broker and the property owner. A listing agreement is made with the licensee, not the brokerage. A listing agreement exists to protect both the property owner and the real estate agent.
A listing agreement is a formal contract between a property owner and a real estate agent that gives the agent legal authority to represent the owner and help them sell the property. Thus, a listing taken by a real estate broker belongs equally to both the agent and the firm.
Hence, option D is correct.
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