I agree with what others have written here: refer to your listing agreement. Your listing agreement will outline how long your listing term is, what happens when the listing expires and any possibility for cancellation. 2 things though...
1. Consult a couple of other local Realtors in your area to determine what current competitive listing commissions are in your area.
2. Please do not pay any fees up front.
Don't forget, you always have the option to have your attorney translate the agreement for you.... more