Before advertising the property for sale or lease, what must a licensee obtain?

A licensee must obtain a signed listing agreement or signed written authorization from the owner before advertising a property for sale or lease. This requirement is essential because it establishes a legal contract between the owner and the licensee, granting the licensee the authority to market the property on the owner’s behalf. The agreement outlines the terms of representation, including the scope of the licensee's duties, the duration of the agreement, and any compensation arrangements.

This written authorization is critical in ensuring that the licensee is acting with the owner's consent, thereby protecting the interests of both parties. Without this proper documentation, the licensee may not have the legal right to advertise or negotiate the sale or lease of the property, which could lead to disputes or claims of unauthorized representation.

In contrast, a verbal agreement lacks the legal enforceability and clarity that a written agreement provides, and while it's a common practice for property owners to consult with local authorities regarding land use or zoning before putting a property on the market, such consent is not required specifically for advertising. Approval from the real estate board is also unnecessary for advertising, as the primary requirement revolves around obtaining the owner's authorization. This makes a signed listing agreement or written authorization the correct prerequisite for advertising a property.