Idaho Real Estate Practice Exam

What must a broker do with a seller's signed listing agreement according to Idaho real estate practice?

1. Store it indefinitely

2. Return it to the seller after listing

3. Provide a legible copy to the seller

4. Keep it confidential

The correct answer is: Provide a legible copy to the seller

In Idaho real estate practice, when a broker receives a signed listing agreement from a seller, it is mandatory for the broker to provide a legible copy of that agreement to the seller. This requirement ensures transparency and trust in the professional relationship between the broker and the seller. By giving the seller a copy, the broker allows the seller to retain a record of the terms and conditions of the listing, which is vital for reference throughout the listing period. This practice safeguards the seller's rights by ensuring they have access to the documented agreement that outlines their responsibilities and the broker's obligations. Additionally, it supports compliance with legal standards and promotes accountability on both sides of the transaction. Keeping the seller informed and in possession of a copy of the agreement is crucial for effective communication and successful negotiations in real estate.