A listing agreement requires a definite beginning and ending date. If the listing does not include an expiration date, what problem may arise?
Correct Answer
C) The listing may be unenforceable or violate regulatory requirements
Most licensing laws and regulations require listing agreements to include a definite termination date. A listing without one may be unenforceable or subject to disciplinary action.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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A listing agreement creates an agency relationship between:
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