What is a holdover period and why does it matter?

This is an important consideration if you plan to list your home with Bōde shortly after your contract with a traditional real estate agent has expired.

What is a holdover period?

The holdover period is a defined length of time after a listing agreement ends during which the original listing brokerage may still be entitled to a commission.

If your property sells during this period to someone who was introduced to it while it was listed with the agent, the agent may still be owed a commission—even if you’re no longer working with them.

Where can I find this information?

You can find the holdover period details in your original listing contract. Look for a section titled "Holdover Period" or something similar. It will specify:

• The number of days the holdover period lasts after the contract ends
• The conditions under which a commission would still be owed
• The percentage or amount of commission applicable

If you can’t find it, ask your former agent directly before re-listing or selling your home.

Why is this important for Bōde sellers?

Understanding your holdover period ensures that you’re not unknowingly obligated to pay a commission when selling your home privately through Bōde. It’s an important step to avoid legal or financial surprises.

Ready to list with Bōde? Now is a great time to sell (https://home.bode.ca/now-is-a-good-time-to-sell/).