Under Ohio law, a listing agreement that does not include a definite expiration date is:
Correct Answer
B) Considered deficient and may be unenforceable because Ohio requires a definite expiration date
Under ORC §4735.55, Ohio requires listing agreements to contain a definite expiration date. A listing agreement without this provision is considered deficient and may be unenforceable.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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