Allexclusive listing agreements in Pennsylvania MUST specify their duration in writing.
49 Pa. Code § 35.332 (Exclusive Listing Agreements)states thatall exclusive listings must have a definite start and end date.
Listings without an expiration date are considered illegaland unenforceable in Pennsylvania.
Why the other answers are incorrect:
Option A (Cancellation in 24 Hours):There is no legal requirement for a 24-hour cancellation clause.
Option B (Financing Arrangements):Financing provisionsare not a required part of a listing agreement.
Option C (Signed by Cooperating Broker):A cooperating broker’s signatureis not required. Only the listing broker and seller need to sign the agreement.
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit