What does the term "listing broker" refer to in real estate?

The term "listing broker" specifically refers to the broker who takes a listing agreement to sell a property on behalf of a seller. This means that the listing broker is the representative responsible for marketing the property, managing the sales process, and negotiating on behalf of the seller. The listing agreement gives the broker the authority to act on behalf of the seller in the sale of their property, ensuring that the seller's interests are represented in the transaction.

For effective marketing, the listing broker will typically assess the property's value, indicate a listing price, and implement strategies to attract potential buyers. This role is critical in residential and commercial real estate transactions, establishing a professional relationship that is meant to lead to the successful sale of the property.

The other options refer to different roles in real estate. Managing rental properties pertains to property management and is separate from the functions of a listing broker. Specialization in commercial property sales is associated with a different area of expertise that may or may not involve listing agreements in the residential market. Handling property appraisals is also a distinct function that focuses on determining property value rather than directly facilitating sales.