What is the relationship defined in an EBC?

In an Exclusive Brokerage Contract (EBC), the relationship defined is specifically between the broker and the seller. This contract establishes a formal agreement where the broker is given the sole authority to represent the seller in a real estate transaction. The broker commits to providing various services, such as marketing the property, negotiating on behalf of the seller, and generally facilitating the sale process. This exclusive arrangement benefits the broker as they are assured of a commission if the property is sold during the contract period, assuming they fulfill their obligations as outlined in the agreement.

In contrast, the other options refer to different relationships or roles that are not defined under the EBC specifically. The relationship between the buyer and the seller is not exclusive to the broker and does not fall under the EBC. Similarly, the relationship between the buyer and the bank pertains to financing and mortgage agreements, and the relationship between two brokers can occur in various contexts but is not the focus of what an EBC addresses. The essence of an EBC lies in securing a dedicated role for the broker in the sales process, which is crucial for both parties involved.