What is required for an Exclusive Right of Sale Listing to be valid?

For an Exclusive Right of Sale Listing to be valid, it must be in writing and signed. This requirement is set forth to ensure that all parties involved have a clear, documented understanding of the terms and conditions of the agreement. A written contract provides legal protection for both the seller and the broker, outlining the scope of services to be provided and the commission structure.

A verbal agreement is not sufficient because it lacks the tangible evidence necessary to enforce the terms of the contract. Additionally, while only one broker is needed for this type of listing, involving two brokers is not a requirement. Recording the listing with the county is also not a prerequisite for validity; the agreement primarily needs to be a written and signed document to meet legal standards.