A listing agreement must include which of the following?

A listing agreement is a crucial document in the real estate transaction process, as it formalizes the relationship between a property owner and a real estate agent. One critical component of this agreement is the inclusion of a description of the real property being sold or leased. This description typically outlines key details such as the location, size, and specific characteristics of the property, which are essential for both the agent and potential buyers to understand what is being offered.

Providing a clear and accurate description helps to set the expectations for the transaction and ensures that everyone involved is discussing the same property features. This clarity also aids in marketing efforts, as the agent must convey the property's attributes to attract potential buyers.

While financial disclosures, an estimated market value, and a termination clause may be important in the overall context of a real estate transaction, they are not absolute requirements in every listing agreement like the property description is. The inclusion of a property description is vital as it lays the foundation for the agreement itself and is necessary for understanding the nature of the listing.