Contracts
In South Dakota, a listing agreement that does not specify an expiration date is:
AValid for one year by operation of law
BEnforceable indefinitely until terminated
CPotentially unenforceable or terminable at will✓ Correct
DAutomatically renewed each month
Explanation
Listing agreements without expiration dates are problematic. South Dakota courts may find them terminable at will or refuse to enforce them due to indefiniteness. SDREC rules may require a definite expiration date.
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