Question 64

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 it has been signed by all involved parties.

A) Upon execution of the listing agreement by all parties

This option is correct because it specifies the requirement for the listing broker to deliver a copy of the signed agreement right after it is executed, ensuring that the owner has immediate access to the document.

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

This option is incorrect as it suggests a delayed method of delivery, which does not align with the requirement for immediate provision upon execution of the agreement.

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

This option is also incorrect because it implies a timeframe that extends the broker's obligation beyond the immediate requirement of providing the agreement upon execution.

D) At the time of presentation of a written offer

While this option refers to a different scenario, it is incorrect as it does not address the necessity of providing the listing agreement immediately after it is executed by all parties.

Conclusion

The correct answer, "Upon execution of the listing agreement by all parties," is definitive because it aligns with the legal obligation of the listing broker to ensure the owner receives the agreement promptly. All other options fail to meet this requirement, either suggesting delays or addressing unrelated actions.