An individual is considered a client if they have what?

An individual is considered a client when they have a signed listing contract with a brokerage company. This contractual relationship establishes a formal commitment between the agent and the client, where the agent agrees to provide specific services in exchange for the client's loyalty and compliance with the terms outlined in the contract.

This relationship typically includes fiduciary duties, meaning the agent is obligated to act in the best interest of the client, maintaining confidentiality, loyalty, and full disclosure. The key aspect that distinguishes a client from other individuals engaging with an agent is the existence of this written agreement, which signifies a higher level of engagement and responsibility.

In contrast, a verbal agreement, while showing intent or commitment, does not provide the same legal protections or obligations as a written contract. Completed home inspections and submitted purchase offers may indicate interest or steps toward a transaction, but they do not establish the formal client-agent relationship characterized by a signed contract.