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A safety clause in the fee provision of a listing agreement extends for an additional period after the listing expires the right of a broker to earn a fee for the time and money the broker and his listing agent invest during the listing period in their effort to market the listed property and locate a buyer.
You wonât want to sign your listing agreement until youâve carefully thought about how long you want the listing to be; according to your specific needs.The most important word used here is âyouâ: the length of the real estate contract is entirely up to you and shouldnât be something that you let the real estate agent dictate.