What must happen to any changes made to the original listing agreement?

For any changes made to the original listing agreement, it is essential that these modifications are documented in writing and authorized by all parties involved. This requirement ensures transparency and consensus among the parties, protecting their interests and preventing any misunderstandings or disputes about the terms of the agreement.

Having changes in writing serves as a formal record of the amendments, ensuring that everyone is clear about what has been agreed upon. Additionally, obtaining authorization from all parties signifies that there is mutual consent, which is a key aspect of contractual relationships. This practice not only fulfills legal obligations but also fosters trust and accountability among the parties.

In contrast, creating a new agreement for changes would be unnecessarily cumbersome and could complicate the process. Immediate rejection does not address the need for documentation, and the requirement for reviews by the Department of Licensing is not standard for every change made; these reviews typically pertain to compliance matters rather than modifications agreed upon by the parties directly involved.