Real Estate Listing Contract Length

EXCLUSIVE RIGHT TO SELL: LISTING TERM ADDENDUM

Document Control:

• Effective Date: [Date]
• Version: 1.0.0
• Jurisdiction: [State/Province]
• Scope: Real Estate Listing Agreement Term Amendment

1. LEGAL DISCLAIMER

NOTICE: This document is a specialized legal instrument designed for internal operational use. It does not constitute formal legal advice. Compliance with local Real Estate Commission statutes, Fair Housing Acts, and fiduciary duty mandates remains the sole responsibility of the Brokerage. Counsel review is advised prior to execution.

2. PARTIES & DEFINITIONS

• "Brokerage": [Company Name], a [Legal Entity Type] organized under the laws of [State/Province].
• "Seller": [Full Legal Name(s)], having a mailing address of [Address].
• "Property": The real property located at [Full Property Address including APN].
• "Listing Agreement": The primary representation contract dated [Date of Original Listing Agreement].

3. OPERATIVE CLAUSES

3.1 Term Extension/Modification: The parties hereby agree to amend the Listing Term defined in the Listing Agreement. The Listing Period shall commence on [Start Date] and expire, unless otherwise terminated pursuant to the original Agreement, at 11:59 PM on [Expiration Date] (the "Modified Expiration Date").

3.2 Automatic Renewal Prohibited: This agreement shall expire on the Modified Expiration Date without further notice. Any extension beyond this date requires a written instrument signed by both parties.

3.3 Protection Period: In the event of termination or expiration of this listing, the Protection Period of [Number] days shall apply to any party who physically toured or submitted a formal offer on the Property during the Listing Period, provided such names were submitted to the Seller in writing by the Brokerage within 72 hours of termination.

3.4 Authority: Each party represents that they possess the full legal authority to bind their respective interests in the Property and the Brokerage entity, respectively.

3.5 Integration: All terms and conditions of the original Listing Agreement not specifically amended herein remain in full force and effect. In the event of a conflict, the terms of this Addendum shall prevail.

4. EXECUTION & ACKNOWLEDGMENT

SELLER(S):

__________________________ Date: ______________ [Printed Name(s)]

BROKERAGE:

__________________________ Date: ______________ [Authorized Signatory Name] [Title]

5. STEP-BY-STEP EXECUTION GUIDE

1. Verification of Capacity: Ensure all title holders listed on the Property deed sign the document. If the Property is held in a Trust or LLC, verify the signer’s authority via a Corporate Resolution or Trust Certificate.
2. Date Synchronization: Cross-reference the [Start Date] and [Expiration Date] against the local MLS rules regarding maximum listing term limits to avoid regulatory non-compliance.
3. Counter-Signature Protocol: The Brokerage must sign last. Upon full execution, provide a legible copy to the Seller within 24 hours of the final signature, as required by most real estate regulatory bodies.
4. Record Retention: Upload the fully executed document to the Brokerage’s secure transaction management platform and update the listing status in the regional MLS system to reflect the new expiration date immediately.