Iâ€™m assuming you mean the following:
â€œI want to make sure that my listing agent only gets a commission IF we have a completed sale.â€
If that is what you meant, here is the answer:
A typical listing agreement specifies that:
â€œSeller agrees to pay Broker as compensation for services irrespective of agency relationship (the commission or set fee) AND,
(1) If during the Listing Period, or any extension, Broker, Seller, cooperating broker or any other person procures a buyer(s) who offers to purchase the property on the above price and terms, or any price and terms acceptable to Seller. (Broker is entitled to compensation whether any escrow resulting from such offer closes during or after the expiration of the Listing Period.)
(2) If, without Brokerâ€™s prior written consent, the Property is withdrawn from sale, conveyed, leased, rented, otherwise transferred or made unmarketable by a voluntary act of Seller during the listing period or any extension.â€
Normally, the only commission paid is when the property closes. However, if an agent produces a viable offer that meets the terms of the listing agreement and that offer is not accepted by the seller, then the agents involved have earned their commission, even if the property never closes. In addition, if the seller suddenly decides to take the property off the market or renders the property un-saleable, then the listing agent has earned their commission.
Be VERY careful when signing a listing agreement to ensure that you understand the terms of the agreement. While some Realtors waive their right to a commission under the above circumstances, some donâ€™t.
Let me know if you have any additional questions.