Which item is NOT required to appear in a written listing agreement?

Prepare for the South Dakota Real Estate Test. Ace your exam with flashcards and multiple choice questions. Each question is supported with hints and explanations to help you succeed!

The requirement for items in a written listing agreement is generally governed by real estate law and practice standards. A key component of any listing agreement is that it should clearly outline the legal framework surrounding the property involved. While the presence of the proper legal description of the property is crucial for clarity and legal reasons, it is not typically a mandatory element that must be expressly included in the written agreement under certain conditions.

In many jurisdictions, a general description or address of the property may suffice for the purposes of the listing agreement, thus providing flexibility for brokers and sellers.

On the other hand, the broker's commission structure, the seller's personal information, and the duration of the agreement are standard elements required in listing agreements. These components ensure that all parties are aware of the financial arrangements, understand the identity of the parties involved, and know the timeline under which the agreement is valid. Therefore, while the legal description is important for understanding the property being sold, it may not always be mandated in the way that the other elements are, allowing it to be excluded under certain circumstances.

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