Question: A listing terminates upon expiration of the listing agreement, and _ _ _ _ _ _ _ _ _ _ _ _ _ _ .

A listing terminates upon expiration of the listing agreement, and ______________.
1. the broker has no further obligations even if the property is under contract
2. the broker must have the seller fill out and sign a new listing agreement
3. the broker is obligated to close the property even if the listing has expired
4. the brokerage firm may designate another broker to close the transaction

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