What Happens When A Real Estate Listing Agreement Expires?
Here’s what you need to know about your next steps if your real estate listing expires.
When you decide to list your home with a real estate agent, you’ll sign a legally binding contract called a listing agreement that allows your agent to market and sell your property until the real estate listing agreement expires.
In return for managing the transaction, you’ll pay your agent a real estate commission from the proceeds of the sale. But what happens if the listing agreement expires before your house gets sold?
We reached out to two top real estate agents, Brian Fitzpatrick from Waltham, Massachusetts, and Andrew Poe from Knoxville, Tennessee to find out common reasons that a listing agreement might expire and what sellers need to know before moving forward with their home sale after it does.
Connect with a Top Agent
According to HomeLight data, top agents are more likely to sell homes faster and for more money than average agents.
Types of listing agreements
A listing agreement sets the wheels in motion for your home sale. The National Association of Realtors® defines the three most common types of listing agreements.
