What must be included in a written agreement for the sale of real estate according to agency laws?

A written agreement for the sale of real estate must include the legal description of the property to ensure that the specific parcel of land being conveyed is accurately identified. This legal description goes beyond a simple address and includes detailed information such as boundaries, lot numbers, and any relevant survey information. This level of detail is crucial in real estate transactions to avoid ambiguity and potential disputes over what property is included in the sale. It establishes a clear and enforceable connection to the property in question.

While other aspects like commission agreements, financing arrangements, and closing dates are important in the context of a real estate transaction, they do not have the same legal necessity as the legal description. These elements can often be negotiated or detailed in ancillary agreements or documents outside of the primary sales agreement, whereas the legal description is a fundamental component of the property transfer itself.