Tennessee Real Estate License Exam Practice Question
What are the circumstances under which a written listing agreement is acceptable without a definite expiration date?
Correct Answer: D
Rationale: A written listing agreement must always have a definite expiration date to protect both the seller and the agent.
Option A is incorrect because even with an amendment, the original agreement lacks a clear expiration, which can lead to disputes.
Option B is also wrong; while automatic extensions might seem convenient, they still do not provide a clear end date, which is essential for transparency.
Option C suggests that a cancellable listing is acceptable, but without a defined expiration, it can create uncertainty.
Thus, without a definite expiration date, no circumstances justify a written listing agreement.
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