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Protection Period of 360 days

In a recently expired real estate contract the protection period was for 360 days.  Is this long of period enforceable and is it normal.  Does this mean that if I sell my house within the 360 day period, that I have to pay the listing agent a commission?
  • December 06 2011 - Overton South
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Answers (1)

Yes it is enforceable.

If it expired, then you can list with anyone right away but if anyone buys it  that saw the house while listed with the first agent, then they are owed a commission since it was their marketing efforts that brought the client.

They are however supposed to give you a list of the buyers that saw your house while listed.

If you sell it without listing it with an agent then they are owed a commission.

The year protection is extremely long, typically it's 90 days.

Naima

  • December 06 2011
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