What must a broker engagement agreement include along with all parties' signatures?

The broker engagement agreement must include a termination date to ensure clarity and define the duration of the relationship between the broker and the client. This date establishes when the agreement will end, providing both parties with a clear understanding of their commitment timeline. Without a termination date, there could be ambiguity regarding the length of the engagement, potentially leading to misunderstandings or disputes regarding responsibilities and expectations.

Including a termination date is essential for legal and logistical reasons, as it protects both parties by explicitly stating when the engagement concludes. This is particularly important in real estate transactions, where timelines can significantly affect other related processes.