What is the minimum documentation required for an offer made by a licensee?

The minimum documentation required for an offer made by a licensee is written documentation. This is important because written agreements provide a clear and verifiable record of the terms agreed upon by the parties involved. Written documentation helps to avoid misunderstandings and disputes that might arise from non-verbal agreements or informal communications.

In real estate transactions, having a written record is not only a best practice but is often a legal requirement in many jurisdictions, including Kentucky. This compliance ensures that all parties have access to the same information and are protected under the law.

While oral agreements, email confirmations, and text message notifications may serve as informal communication, they do not offer the same level of assurance or enforceability that a written document provides. The precision and clarity that a written record offers are crucial in professional transactions.