Which type of agreement does NOT need to be in writing?

The correct choice is that a multiple listing agreement does not need to be in writing. In many cases, oral agreements can be legally binding, especially between parties who have established a history of transactions or trust. However, written agreements are generally preferred for clarity and to prevent disputes.

For a multiple listing service (MLS), it is common for the provider to accept verbal agreements, making them more accessible for quick transactions or initial listings. This is particularly relevant in the context of real estate where rapid communication can be crucial, and often verbal agreements are later formalized in writing.

On the other hand, exclusive right-to-sell and exclusive buyer representation agreements must typically be in writing to be enforceable, due to the nature of the commitments and legal protections involved for both the seller and buyer. An exclusive agency listing also generally requires a written contract to define the obligations and terms between the parties involved. These written requirements are designed to protect the interests of all parties and ensure there is a record and clear understanding of the terms.