Must open listings be documented in writing?

Open listings do not need to be documented in writing, which is why the answer is correct. An open listing is a non-exclusive agreement between a seller and multiple brokers; it allows the seller to work with as many brokers as they choose, and it does not require formal documentation to be legally binding. This type of listing establishes the seller’s freedom to sell their property without being tied down to a single broker, allowing more flexibility in marketing and selling the property.

In contrast to open listings, exclusive listings—such as exclusive right-to-sell agreements—must be in writing according to Illinois law and generally require specific terms and conditions. Thus, the emphasis on the written documentation requirement applies primarily to exclusive agreements, while open listings can operate effectively without such formalities. This emphasizes the importance of understanding different types of listings in real estate practice and the specific legalities that govern them.