What is required before a property can be listed for sale?

Before a property can be listed for sale, it is essential to have a signed listing agreement. This contract formally establishes the relationship between the property owner and the real estate professional, outlining the terms under which the agent will assist in selling the property. The listing agreement specifies important details such as listing price, duration of the agreement, responsibilities of both parties, and any specific conditions related to the sale.

Having this signed agreement provides legal grounds for the agent to market the property, negotiate offers, and represent the seller's interests in the transaction. Without this document, the agent lacks the authority to act on behalf of the seller, which can complicate the selling process and potentially result in legal issues.

While the other options, such as a verbal agreement, property appraisal, or home inspection report, may serve beneficial roles in the selling process, they are not prerequisites for listing a property. A verbal agreement lacks enforceability, and while appraisals and inspections are valuable for establishing price and condition, they are not necessary to initiate the listing itself.