Contracts
In Maine, a 'listing agreement renewal' requires:
AOnly verbal agreement between agent and seller
BA new or amended written agreement signed by both parties✓ Correct
CAutomatic renewal unless cancelled in writing
DMREC approval for the renewal period
Explanation
Extending or renewing a listing agreement in Maine requires a new or amended written agreement signed by all parties. Verbal extensions are not sufficient under the Statute of Frauds.
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