Question 24

A listing broker must provide a copy of the fully executed written listing agreement to the owner upon execution of the listing agreement by all parties.

This means that once all parties involved have signed the listing agreement, the broker is required to deliver a copy to the owner immediately.

A) Upon execution of the listing agreement by all parties

This option is correct because it aligns with the requirement that a listing broker must provide the owner with a copy of the fully executed listing agreement as soon as it has been signed by all parties involved. This ensures that the owner has immediate access to the terms and conditions of the agreement.

B) Within three days of execution of the listing agreement by registered mail, return-receipt-requested

This option is incorrect because it specifies a time frame of three days for delivery, which is not the standard requirement. The law mandates immediate provision upon execution, rather than allowing a delay.

C) Within five business days of execution of the listing agreement

This option is also incorrect. Similar to option B, it suggests a delay in providing the agreement, which does not meet the legal obligation of immediate delivery upon execution.

D) At the time of presentation of a written offer

This option is incorrect as well. While it is important for the broker to present the agreement, the requirement to provide a copy of the executed listing agreement occurs right after it has been signed by all parties, not just when an offer is presented.

Conclusion

The requirement for a listing broker to provide a copy of the fully executed written listing agreement upon execution is critical for transparency and accountability in real estate transactions. Options B, C, and D fail to meet the legal standard, as they suggest delays or alternative conditions that contradict the immediate obligation established by law.