What is a requirement for entering an exclusive listing agreement in Nevada?

In Nevada, for an exclusive listing agreement to be valid and enforceable, it must be in writing. This requirement ensures that both parties have a clear understanding of the terms and conditions of the agreement, which includes details like the listing price, duration of the agreement, and the responsibilities of the real estate agent.

A written agreement provides legal protection to both the seller and the broker, as it creates a formal record of the terms agreed upon. Without a written document, it becomes difficult to prove the existence of the agreement or to enforce its terms should disputes arise.

The options suggesting that the agreement must be verbal or filed with the state do not align with the legal requirements governing exclusive listing agreements in Nevada. Additionally, while listing agreements may be for a set duration, there is no stipulation that they must be annual; they can have varying time frames based on the agreement of the parties involved.