Ch5 Requirements Of a Valid Listing Agreement Flashcards
1
Q
The first requirement for a valid listing agreement (SLLDB) is S for
A
Signatures of all the owners and the listing licensee
2
Q
The second requirement for a valid listing agreement(SLLDB) is L for
A
Legal description of the property
3
Q
The 3rd requirement of a valid listing agreement is L for
A
List price - must be set by the seller
4
Q
The fourth requirement of a valid listing agreement (SLLDB) is D for
A
Definite starting, and termination date
5
Q
The 5th requirement of a valid listing agreement (SLLDB) is B for
A
Broker compensation
