Contracts
The Colorado exclusive right-to-sell listing agreement establishes an 'expiration date.' What happens if the property is not sold by that date?
AThe listing automatically renews for another year
BThe listing expires and the seller is free to list with any broker✓ Correct
CThe broker is owed a commission regardless of any future sale
DThe seller must pay a cancellation fee
Explanation
At the expiration date of a listing agreement, the contract terminates. The seller is then free to re-list with the same or a different broker.
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