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Updated about 10 years ago on . Most recent reply
Length of Time for Listing Agreements
I am curious about something. I posted previously that I own three properties and might sell two of them. One of the properties I plan to sell is in SW Vermont. I chose the real estate agent because she is the one I contacted when I saw this property for sale on her website seven and a half years ago. I liked her spunk and her responsiveness, so she was a natural choice when I decided to sell it.
She mailed me a large packet with pages to sign including a listing agreement. I was surprised to see she wanted an agreement for a full year. I had never sold property before, but this struck me as too long, so I changed it to five months.
What is the standard length for listing agreements?
Another issue is she told me she would send me back copies of all the papers I signed -- very clearly stated in her cover letter. Now she wants to hold them until we have an agreement about the length of the listing agreement -- my own signed papers.
Red flags are going up for me, and I want to check my judgment about this.
Does anyone with more experience selling property have any thoughts to offer?