In Kentucky, which of the following must a real estate listing agreement include?

Prepare for the Kentucky 96-Hour Salesperson Test with multiple choice questions and detailed explanations. Boost your knowledge and confidence for success!

A real estate listing agreement in Kentucky must include specific elements to ensure clarity and legality in the selling process. One of those essential elements is the listing price and the terms of sale. This is crucial as it sets the expectations for both the seller and the agent regarding the financial aspects of the property being sold.

Additionally, the agreement must outline the agent's commission structure. This ensures both the seller and the agent are on the same page regarding the compensation involved in the transaction. Clearly defining how and when the agent will be compensated helps prevent disputes and misunderstandings later in the process.

Including both the listing price and terms of sale alongside the agent's commission structure provides a comprehensive framework within the agreement. This is pivotal for a successful real estate transaction and reflects the necessary details that dictate the relationship between the seller and the agent.

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