What is defined as a written agreement between two parties for specified services?

A written brokerage engagement is defined as a formal agreement between a broker and a client that outlines the specific services the broker will provide, often relating to the sale or rental of real estate. This document specifies the roles, responsibilities, and expectations of both parties, ensuring that there is clarity and legal recognition of their agreement.

This type of agreement is essential in the real estate industry as it not only protects the interests of both the broker and the client but also establishes the terms under which the broker will operate, including compensation, duration of the agreement, and the methods of marketing the property. Such specificity is critical for avoiding misunderstandings and ensuring that each party fulfills their obligations.

In contrast, a verbal agreement lacks the formality and legal standing of a written contract, which can lead to disputes and complications. A lease contract is specific to rental agreements between landlords and tenants and does not address the broader scope of services a broker provides. A sales agreement, while also written, primarily pertains to the purchase of property rather than the brokerage services rendered. Thus, the written brokerage engagement is the correct and most appropriate answer as it directly addresses the nature of the services being specified in a formal contract.