How Long for a Listing Agreement?
June 5, 2006 |
Oftentimes, I hear the question, “how long should my listing agreement be?” The short answer is, “it all depends.” In this article, Bankrate.com Real Estate Advisor, Steve McLinden, suggests that 60-90 days is appropriate. I happen to agree. Local custom in this area is for listing agreements to be 90 days in length. Especially in a market such as this one, where inventory is high and days on market are creeping upward, 60 days is most certainly too slow. 90 Days is a good amount of time for a listing agent to market the property, and for the seller to evaluate the agent’s work.
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Disclaimer
My name is Daniel Rothamel. I am a licensed real estate agent in the Commonwealth of Virginia and a member of the National Association of REALTORS. As such, I adhere to a strict code of ethics and all laws with regard to equal housing, which is reflected in the content of this blog. My broker is Strong Team REALTORS, 86 Joshua Lane, Palmyra, VA 22963; (434) 589-5800. My VA Real Estate License number is 0225 077325. All of the opinions in this blog are mine, unless otherwise noted.
