Question 34

Upon execution of the listing agreement by all parties

A listing broker must provide a copy of a fully executed written listing agreement to the owner immediately after all parties have signed the document. This ensures that the owner has a complete record of the agreement for their reference.

A) Upon execution of the listing agreement by all parties

This option is correct because it aligns with the legal requirement that a listing broker must furnish the owner with a copy of the signed agreement immediately upon its execution. This practice helps ensure transparency and clarity in the real estate transaction.

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

This option is incorrect as it suggests a delay in providing the copy of the listing agreement. The law mandates that the owner receives the document immediately upon execution, rather than within a specified timeframe.

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

This option is also incorrect because it implies that there is a grace period after execution to provide the agreement. The requirement is to deliver the agreement immediately, not within several days.

D) At the time of presentation of a written offer

This option is incorrect since it implies that the copy of the listing agreement is only needed when an offer is presented. The obligation is to provide the executed agreement right after it has been signed by all parties, independent of any offers.

Conclusion

The correct answer, "Upon execution of the listing agreement by all parties," is definitive as it reflects the immediate obligation of the listing broker. The other options suggest delays or conditions that do not comply with the legal requirements, failing to safeguard the owner's right to have a complete understanding of their contractual agreements promptly.