Which of the following is required in a listing contract?

In a listing contract, an expiration date is essential because it defines the duration of the agreement between the seller and the listing agent. This date establishes a clear time frame during which the agent has the authority to market the property and negotiate offers on behalf of the seller. Without an expiration date, the agent would be bound indefinitely, which is not practical or typical in real estate transactions.

Including this element in the contract provides both parties with a mutual understanding of when the listing may be renewed or terminated, ensuring clarity and avoiding potential disputes. It also reflects proper professional practice, as real estate agents are required to adhere to established guidelines regarding contracts, including specifications in the listings. In contrast, while the listing licensee's name, the commission, and other details may be necessary, none carry the same contractual significance as defining the contract's expiration.