ELV!S

No one wanted to bet your info that I copied and pasted was wrong. I should only pick horses as well as RE info sources. :-)

Rockin' is correct (or does that mean I'm correct?? maybe we're both correct)...

in most states, and definitely in Rockford, IL, most of the major agencies contracts specifically state that their protection period is superseded by relisting with a new professional agency. The 180 days of protection only apply if you have NOT relisted with an agency (in other words, if you're trying FSBO).

But... check with the new agency... they will know what the local contract states... and make sure you have them SHOW you that clause, and explain it to you... verbal isn't good enough... get it in writing!!

Karen

Below is a reply that was given by ELV!S on this matter on another thread. I would bet on his info being correct.

"Sorry guys... in Illinois, most real estate agencies contract have a clause that includes a protection period (anywhere from 3 - 6 months) that protects them for any buyer who saw the property while the first agency had the listing, or from any of the first agencies efforts

UNLESS (and this is an important 'unless')...

... you list with another professional real estate agency, and then THEIR new contract supersedes the old one!! In other words, if you list with a new agent/agency (and the contract includes the clause) then they don't need to worry about an "exclusion" list... the old agency gets nothin'... even if it's someone who saw it with the first agency.

This clause was designed to protect agencies from sellers who'd cancel the contract, only to sell it to someone who tried to do an "end run" around the commission... relisting with a new agency typically gives all clients to the new agency."

Hi Karen-
The 180 day clause is used to protect commissions for agents who saw the home when it was previously listed. If the original agent did not provide you with a list of agents or clients who showed the property, then it will not apply.
Hope that helps!

Karen
When a Realtor lists a home they spend a lot of time, effort, and money marketing the property. Believe it or not, there are people that would look at a house, wait until the listing expired, then try to buy the home, cutting out the Realtors on both side, (and of course buying it at a lower price).

The "protection period" usually requires the Listing Agent to provide a list of buyers, Realtors, and brokers that have either seen or expressed interest in the property. So if the Century 21 Broker saw it, that means that anyone from C21 brokerage could be protected. Laws very, but the Realtor needs to provide the list of those who are "protected", otherwise they are not protected.

Ask an attorney for legal advice. This is not legal advice.