Question

Regardless of the type of listing agreement form you use, every agreement should contain which of the following items? A) Property Description

B) Purchase Price
C) Buyer's Contact Information
D) Lease Terms

Answer 1

A listing agreement should include a property description, purchase price, and lease terms.

Step-by-step explanation:

A listing agreement is a contract between a real estate agent and a property owner, outlining the terms and conditions of the agent's representation. Regardless of the type of listing agreement form used, there are certain items that should be included in every agreement:

1. Property Description: This includes details about the property being sold or leased, such as its location, size, and features.
2. Purchase Price: In case of a sale, the agreed-upon purchase price should be clearly stated.
3. Lease Terms: If the agreement is for a lease, it should specify the terms of the lease, such as duration, rent amount, and any specific conditions.

However, Buyer's Contact Information is not typically included in the listing agreement, as it is the role of the buyer's agent or representative to handle communication and negotiations with potential buyers.