Agency
In New York, a seller's listing agreement that contains an 'automatic renewal' clause may be challenged because:
ANew York prohibits automatic renewal clauses in all contracts
BUnder New York Real Property Law, listing agreements must have a definite expiration date and may not be automatically renewed✓ Correct
CAutomatic renewals require DOS approval
DThe National Association of REALTORS prohibits automatic renewals
Explanation
New York Real Property Law requires that listing agreements have a definite expiration date. A clause that automatically renews the listing without the seller's affirmative re-engagement is inconsistent with this requirement and may be unenforceable.
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