Which of the following must be in a listing agreement to make a commission claim enforceable?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

For a commission claim to be enforceable in a listing agreement, it is essential to include a definite termination date. Listing agreements are typically considered unilateral contracts that grant the broker the right to sell the property within a specified timeframe. This termination date sets a clear boundary for the broker's authority and obligations, helping to ensure mutual understanding between the broker and the seller. It also protects both parties by defining when the terms of the contract expire, which is crucial when it comes to the broker's right to claim a commission for services rendered.

The absence of a definite termination date could lead to ambiguity surrounding the broker's authority and could potentially allow a seller to evade payment of the commission. The law generally requires real estate agreements to have a certain level of specificity, and the inclusion of this date is one way to achieve that clarity.

While other elements like a detailed marketing strategy or a price opinion might assist in the effectiveness of a listing agreement, they are not fundamental requirements for enforcing a commission claim. The seller's disclosure statement, while important for ensuring transparency regarding the property's condition, does not directly impact the enforceability of a commission claim either. Thus, the definite termination date stands out as a critical component of a legally binding listing agreement that directly affects the enforceability

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