Indiana License Law
In Indiana, which of the following must be included in a listing agreement for it to be valid?
AThe exact commission rate required by the MLS
BA definite expiration date✓ Correct
CA guaranteed minimum sale price
DAn automatic renewal provision
Explanation
Indiana license law requires listing agreements to have a definite expiration date to prevent perpetual listings. Open-ended or self-renewing listings without a termination date are prohibited.
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