Contracts
A South Carolina listing agreement must include which of the following to be enforceable?
AThe broker's personal guarantee of a sale
BA definite expiration date✓ Correct
CA guaranteed minimum sales price
DThe names of all potential buyers
Explanation
South Carolina requires listing agreements to include a definite expiration date. An open-ended or automatic renewal provision without a termination date is not permitted.
Related South Carolina Contracts Questions
- Which type of listing agreement allows the seller to retain the right to sell their property themselves without paying a commission, but grants one broker the exclusive right to work with cooperating brokers?
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