What is a requirement for listing agreements?

Listing agreements are essential documents in real estate transactions, and while there are various formalities around them, one key requirement is that they should typically be made in duplicate. This ensures that both parties—usually the seller and the broker—have a copy for their records.

Having the agreement in duplicate serves several important purposes: it provides a form of accountability, allowing both the seller and the broker to refer to the same terms and conditions throughout the listing period. This duplication can help mitigate misunderstandings and ensure clarity regarding the expectations outlined in the agreement.

The other options do not represent standard requirements for listing agreements. For example, listing agreements do not need to be recorded to be effective, nor do they require the purchaser's signature, as it's the seller who is usually signing them. Additionally, while it may be beneficial for agreements to be witnessed, that is not a formal requirement; thus, having a witness from the managing broker is not necessary.