Contracts
A Florida seller signs a listing agreement that includes an 'automatic extension' clause. This means:
AThe listing extends indefinitely until cancelled
BThe listing period automatically extends if a sale is pending at the expiration date
CThe listing renews for the same term if not cancelled in writing before expiration✓ Correct
DFREC prohibits automatic extension clauses
Explanation
An automatic extension clause in a listing agreement causes the agreement to automatically renew for the same or a new specified period unless either party cancels in writing before the expiration date. FREC rules do not prohibit these clauses.
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