Idaho Real Estate Practice Exam

What should a broker or licensed salesperson provide upon obtaining a seller representation agreement?

1. Only verbal confirmation of agreement

2. Legible signed copies of the agreement

3. A brief summary of the contract

4. Written correspondence to the seller

The correct answer is: Legible signed copies of the agreement

Providing legible signed copies of the seller representation agreement is essential because it ensures that both parties have a clear and mutual understanding of the terms outlined in the contract. This documentation serves as a legal record of the agreement, detailing the rights and obligations of both the broker and the seller. By having signed copies, the broker can demonstrate compliance with industry standards and regulations, which often require written confirmation of any contractual relationship. Additionally, signed copies protect both parties in the event of a dispute regarding the terms of the agreement. It reinforces the professional relationship and establishes trust, as sellers can refer back to the document to clarify what was mutually agreed upon. Providing only verbal confirmation, a summary, or written correspondence would not suffice legally and could lead to misunderstandings about the representation arrangement.