Contracts
A West Virginia real estate listing agreement that lacks a definite expiration date is:
AValid and runs until the property sells
BVoidable at the broker's discretion
CAgainst WVREC regulations and may be unenforceable✓ Correct
DAutomatically set for one year by state law
Explanation
WVREC regulations typically require listing agreements to have a definite expiration date. A listing agreement without a specific termination date may violate WVREC requirements and could be unenforceable or subject the broker to discipline.
Related West Virginia Contracts Questions
- In West Virginia, an offer becomes a binding contract when:
- An 'as-is' clause in a West Virginia purchase contract means the buyer is purchasing the property:
- A West Virginia seller accepts a buyer's offer in writing and delivers the acceptance to the buyer's agent. At what point is the contract formed?
- A West Virginia buyer makes an offer specifying that acceptance must be received by 5:00 PM on Friday. If the seller accepts at 6:00 PM on Friday, the acceptance is:
- A West Virginia real estate contract contains a liquidated damages clause stating the seller may keep the earnest money if the buyer defaults. This clause is enforceable if:
- A West Virginia real estate purchase contract includes a time-is-of-the-essence clause. This means:
- Under West Virginia contract law, 'consideration' in a real estate purchase agreement is most commonly provided by:
- Under West Virginia law, an agreement to pay a real estate commission must be in writing to be enforceable because:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →