Upon obtaining a listing, what must a broker or licensed sales agent provide to the owner?

The requirement for a broker or licensed sales agent to provide a legible, signed, true, and correct copy of the listing to the owner is crucial for several reasons. This practice ensures transparency and establishes a formal record of the agreement between the broker and the property owner. By providing a signed document, the broker confirms that both parties are on the same page regarding the terms of the listing, including details such as the asking price, duration of the listing, and any special conditions or inclusions.

Moreover, having a written copy promotes accountability and protects the interests of both the broker and the owner. It allows the owner to have a clear understanding of what they are agreeing to and serves as a reference point in case any disputes arise in the future. Verbal confirmations or summaries do not provide the same level of documentation and protection, which is why they do not meet the legal requirements set forth in real estate practices. Therefore, providing a complete, signed copy is essential for proper professionalism and adherence to licensing regulations.