Which statement about residential property listing agreements is NOT correct?

The statement regarding the listing agreement being a contract for the sale of real estate is not correct because a listing agreement is not a contract for the actual sale of the property. Instead, it is a contract that authorizes a real estate agent to represent the property owner in the marketing and potential sale of their property. The listing agreement establishes the terms and conditions under which the real estate agent will operate, including the commission rate and the duration of the listing.

This contract governs the relationship between the seller and the agent, specifying the agent's role in promoting the property and helping to find a buyer. The actual sale of real estate occurs through a separate contract known as a purchase agreement, which is executed once a buyer is found and terms are agreed upon.

Other statements are correct as they reflect legal requirements: a listing agreement must be in writing to be enforceable, must include a definite termination date to clarify the scope of the agent's authority, and a legible copy must be provided to ensure the client is fully informed of all terms.