Contracts
A listing agreement clause providing for automatic renewal is:
ARequired by Nebraska real estate law
BProhibited — Nebraska law requires a definite expiration date with no automatic renewal✓ Correct
CValid only if approved by the Commission
DAllowable only for agricultural listings
Explanation
Nebraska law requires listing agreements to have a definite expiration date. Clauses providing for automatic renewal of listings are prohibited, protecting sellers from being perpetually bound to a broker.
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