A seller of real estate may cancel at any time a listing agreement that is to be in effect for a specified time, if the broker has given consideration.

Question

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A listing agreement is a contract between a seller and a real estate broker or agent, where the seller agrees to pay a commission to the broker for selling the property within a specified time frame. Once signed, neither party can unilaterally cancel the agreement without cause or mutual consent, even if the broker has given consideration.

A Seller of Real Estate May Cancel at Any Time