A Missouri licensee is told by a friend that she can have a listing on the friend's property for as long as it takes to sell. How should the licensee handle the wording that pertains to the length of the listing agreement?

Omitting an expiration date creates ambiguity in the listing agreement, leaving both the licensee and the seller without clear expectations regarding the duration of the listing. This can lead to misunderstandings, disputes, or complications if the property does not sell promptly, making it a poor choice for professional practice.

While this option includes a definite expiration date, the automatic extension could create complications for the licensee and seller if they wish to reassess their agreement upon expiration. It is better practice to agree upon a specific date without automatic extensions, allowing both parties to re-evaluate their strategies and needs at the end of the term.

This option is similar to option A and perpetuates the lack of a clear timeframe, which can lead to misunderstandings in an open listing context. An open listing typically allows for multiple agents to list the property, and without a defined end date, the seller may be left in a state of uncertainty regarding their options.