What is required for a listing agreement to be enforceable?

For a listing agreement to be enforceable, it must be executed in writing. This requirement is rooted in the Statute of Frauds, which mandates that certain contracts, including real estate transactions, must be in writing to be legally binding. A written agreement provides clarity about the terms and conditions, helps prevent misunderstandings, and serves as evidence of the parties' intentions.

While some oral agreements may be enforceable under certain circumstances, they can lead to disputes over what was agreed upon, making written agreements preferred and more reliable. Additionally, many states have specific regulations governing real estate transactions that require written documentation.

Therefore, a written listing agreement ensures that both the seller and the agent are clearly aware of their rights and obligations, making it a critical element for enforceability in real estate transactions.