Contracts
An Alabama broker's listing agreement that does not specify an expiration date is:
AValid for 1 year by default under AREC rules
BGenerally unenforceable or terminable at will if no term is specified✓ Correct
CValid for the life of the broker
DValid until the property sells
Explanation
AREC rules and best practices require listing agreements to specify a definite termination date. A listing without an expiration date may be terminable at will and creates compliance issues.
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