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.