Which of the following is NOT a primary step in the real estate transaction process?

The core steps involved in a typical real estate transaction generally focus on the progression from listing a property to closing the sale. Listing refers to the process of marketing the property for sale, where an agent will put the property on the market and attract potential buyers. Negotiating is the critical phase where the buyer and seller discuss the terms of the sale, including the price and conditions. Finally, closing is the final step in which the transaction is completed, meaning the title is transferred, funds are exchanged, and all documentation is finalized.

Renting, while related to real estate, is a distinct process that focuses on leasing property rather than selling it. This process involves different considerations, contracts, and possibly different regulatory environments. Therefore, it is not considered one of the primary steps in the selling process of a real estate transaction. This differentiates it from listing, negotiating, and closing, which are integral to the sale of properties.