The terms of the listing agreement are negotiable between seller and broker. Market conditions change and the time it takes to sell a property can change with the market.
You and your broker should discuss current market conditions, the property and all variables that will effect the time it will take to sell your home. Together you and your broker should agree on the term of agreement.
The definition of a contract includes the agreement between two parties....In the current market, our Marketing Agreements are for one year. This comes with a guarantee that if we are not doing everything to market the property that we promised we would, we would provide you with an immediately release from the agreement.
If the property is aggressively priced, it will sell very quickly; there is a direct correlation between asking price and days on the market.
Our Marketing Plan is one of the most extensive I have ever come across.
The only thing a Realtor CANNOT promise is to get the property sold.