A real estate broker or principal broker who enters into a listing agreement, as defined by ORS 696.800 (Definitions), must give the seller signing the listing agreement a true, legible copy of the signed listing agreement at the time of securing the listing.
Every listing agreement must meet the following requirements:
It must state an expiration date;
It may not contain a provision requiring the seller to notify the licensee of the individual’s intention to cancel the listing after the stated, definite expiration date;
It may not contain a provision subjecting the seller of the listed property to the payment of two or more commissions for one sale if the seller lists the same property with a second or subsequent real estate broker or principal broker after the first or preceding listing agreement expires or is terminated by mutual agreement; and
It must be signed by all parties to the agreement,