Question 27

Specified the duration of the listing contract

A broker with an exclusive right to sell listing is required to specify the duration of the listing contract to comply with license law. This ensures that both the broker and the seller have a clear understanding of the time frame for the listing.

A) Specified the duration of the listing contract

This option is correct because specifying the duration is a fundamental requirement in real estate listings. License laws typically mandate that all exclusive listings include a definite term during which the broker has the right to sell the property, protecting both parties' interests.

B) Put the listing in the Multiple Listing Service

While putting the listing in the Multiple Listing Service (MLS) is a common practice, it is not a legal requirement for a broker to avoid violating license law. The broker may choose not to list in the MLS, and such a decision does not inherently violate any laws.

C) Insisted on dual agency

Insisting on dual agency is not a requirement under license law and may even create potential conflicts of interest. As such, this option does not pertain to a necessary action a broker must take to comply with the law regarding exclusive listings.

D) Supplied the seller with a comparable market analysis

Providing a comparable market analysis (CMA) is a good practice but not a legal requirement. A broker may choose to offer a CMA to assist the seller, but failing to do so does not constitute a violation of license law in the context of an exclusive listing.

Conclusion

The requirement for a broker to specify the duration of the listing contract is a critical aspect of compliance with license law, ensuring clarity and protection for both the broker and the seller. Other options, while potentially beneficial practices, do not meet the legal necessity outlined in the question, making option A the definitive correct choice.