A contract formed between a seller and a salesperson is known as which type of agreement?

A contract formed between a seller and a salesperson is categorized as an express agreement. This type of agreement is explicitly articulated through clear terms and conditions, whether in writing or orally, which both parties understand and accept. In real estate transactions, express agreements are common as they outline the specific obligations and rights of each party involved, which can include the terms of sale, commission rates, and duration of the agreement.

Express agreements are beneficial in the real estate sector as they provide a clear framework that aids in preventing misunderstandings between the seller and the salesperson. This clarity ensures that both parties are on the same page regarding their commitments.

While the other options refer to different forms of agreements, they do not fully capture the nature of the relationship formed in this scenario. Implied agreements arise from actions or circumstances rather than clear, defined terms. Oral agreements can be a subtype of express agreements but may lack the reliability and enforceability of those documented in writing. Unwritten agreements also fall into this category, yet they may not provide the same clarity or legal standing as an expressly stated contract would. Thus, identifying the contract as an express agreement denotes the formality and explicit nature of the understanding between the parties.