Contracts
A Vermont listing agreement with an 'automatic extension clause' that extends the listing indefinitely without the seller's active consent would be:
AStandard practice in Vermont
BPotentially unenforceable and contrary to good practice — listing agreements should have clear, defined expiration dates✓ Correct
CRequired by the VREC for all listings
DEnforceable only if recorded at the town clerk's office
Explanation
Vermont listing agreements must have a definite termination date. Automatic extension clauses that renew indefinitely without active seller consent are problematic and may be unenforceable. The VREC prohibits open-ended listing agreements without a specified expiration date.
Related Vermont Contracts Questions
- Vermont's consumer protection statute (9 VSA Chapter 63) can apply to real estate transactions because:
- In Vermont, specific performance as a remedy for breach of a real estate contract means:
- A Vermont buyer's offer is accepted by the seller. The buyer then discovers the seller cannot deliver clear title by closing. The buyer's remedy is typically:
- In Vermont, a buyer's 'right of first refusal' in a lease option agreement gives the buyer the right to:
- Vermont's 'seller's remedies for buyer's default' may include:
- Vermont contracts for the purchase of real property must be 'in writing' to be enforceable. This requirement originates from:
- In Vermont, a 'contingency' in a purchase contract means:
- When a Vermont seller accepts a buyer's offer on a Sunday evening by email, the contract becomes binding when:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →