Contracts
An Indiana real estate listing contract that lacks a definite termination date is:
AValid for one year from signing
BUnenforceable or subject to termination with reasonable notice — indefinite listings may violate IREC rules✓ Correct
CValid indefinitely as agreed
DOnly valid for 30 days
Explanation
Indiana license law and good practice require listing agreements to have a definite expiration date. Listing agreements without a termination date are problematic and may be unenforceable or terminated with reasonable notice.
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