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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.
Duration of the Listing Contract. The listing contract contains the terms under which the real estate agent will perform marketing and selling services and how much commission she is due upon the closing of a sale. The length of the contract can be three months, six months, a year, or any other period you choose. Agents often donât like taking listings for less than a month because they donât have enough time to market the house before the listing expires. A six-month listing is average.