Question 32

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.

A) Upon execution of the listing agreement by all parties

This option is correct because it specifies that the broker is required to furnish a copy to the owner as soon as the listing agreement has been executed by all involved parties, ensuring that the owner has immediate access to the terms and conditions agreed upon.

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

This option is incorrect since it suggests a timeframe for delivering the copy of the listing agreement rather than the immediate requirement upon execution. The law mandates that the broker must provide the copy as soon as the agreement is signed, not within a specified period.

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

This choice is also incorrect because it implies a delay in providing the copy. The requirement is for immediate delivery upon execution, making this option inconsistent with the legal obligation.

D) At the time of presentation of a written offer

This option is incorrect as it suggests that the broker only needs to provide the listing agreement copy when an offer is presented. However, the obligation to provide a copy arises at the execution of the listing agreement, not at the offer stage.

Conclusion

The correct answer is definitively right as it aligns with the legal requirement for brokers to provide a copy of the executed listing agreement immediately after all parties have signed. All other options fail to meet this requirement either by suggesting delays or incorrect conditions for providing the agreement. This immediate provision is essential for transparency and informed decision-making for the owner.