Contracts
Under North Dakota law, a listing contract that does not specify a definite termination date is:
AValid for an unlimited period
BPotentially unenforceable or terminable at will✓ Correct
CValid for exactly one year by default
DRequired to be approved by the NDREC
Explanation
The NDREC requires listing agreements to have a definite termination date. A listing agreement without a definite expiration date may be considered unenforceable or terminable at will, leaving the broker without an assured commission.
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