What essential aspect of a listing agreement helps in resolving disputes between parties?

The correct choice highlights how the duties and obligations outlined in a listing agreement play a crucial role in resolving disputes between parties. This section of the agreement clearly defines what is expected from both the seller and the agent, detailing responsibilities such as communication, financial obligations, and specific actions each party must take. By providing this clarity, the agreement sets a standard for performance and accountability, which can be referred back to in cases of disagreement or misunderstanding.

For instance, if a seller feels that their agent has not fulfilled their obligations concerning marketing the property or providing updates, they can point to the specific duties that were agreed upon. This framework allows for smoother conflict resolution since both parties can rely on the written terms of the contract to support their claims.

In contrast, aspects like the marketing plan specifics, property valuation process, and timeframe for the listing, while important in their own right, do not directly address the core responsibilities each party has towards each other. They may contribute to the overall transaction process but do not provide the same level of detail about roles and responsibilities that can help clarify disputes when they arise.