Which of the following is a requirement for listing agreements under Hawaii law?

The correct answer highlights the importance of having a definite termination date in listing agreements, a requirement established by Hawaii law. This stipulation ensures clarity and organization in the contractual relationship between the real estate agent and the seller. A definite termination date protects both parties by preventing indefinite obligations and allowing for a clear exit if the property is not sold or if the seller decides to go in a different direction.

While it is beneficial for a listing agreement to include details such as signatures from both parties, a thorough property description, and clearly stated commission rates, these aspects do not carry the same legal requirement as the inclusion of a termination date. Hawaii law emphasizes that without a specified end date, the contract could potentially be considered invalid, underscoring the necessity for a clear timeframe in which the agreement is effective. This requirement fosters transparency and accountability within real estate transactions, which is critical in maintaining professional standards in the industry.