Your "standard listing agreement" is, of course, a written contract. Therefore, the terms of that contract will usually control what happens under the circumstances you describe, and the contract terms will provide you the answer to your question. The typical "standard listing agreement" protects the realtor when the realtor procures a buyer. It may or may not also entitle the realtor to a commission if you find the buyer yourself, so read your contract carefully.
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I agree with my collegue that you should review the terms of your agreement with the broker to discover the language governing cancellation. To give you a heads up, I would like to point out that most of these agreements do generally protect the broker whereby, if you have a buyer while the contract is effective, the broker will still be entitled to their percentage for the transaction even if you sourced that buyer on your own. Sometimes, the fee is reduced a little for these circumstances. As far as cancellation, some of these agreements further have terms where if you cancel the agreement to perform a transaction with a buyer, the agent's right to its commission will survive the termination for that particular transaction if the buyer cancelled the agreement to avoid the commission. These are the types of terms that you may find in these agreements, the brokers tend to protect their right to the commissions comprehensively. Despite this assumption based on prior experience, you should not rely on these examples as the terms in your agreement. Read the provisions for cancellation and termination to start in effort to locate the terms governing the circumstances described in your inquiry. If you are not sure, consult with an attorney to have them review on your behalf, although you may ultimately have to spend money for the time the attorney spends reviewing the agreement.
Please note that the response above is solely based on the information provided in the question, and limited to in scope to that content. This answer does not qualify or should be construed as legal advice, but rather information to enable to individual to understand what infomation may be discussed with an attorney consulted for potential engagement to assist the posting party with their legal matter. This response does not consistute legal advice, legal advocacy, or constitute an engagement with the attorney or firm to which has answered this inquiry.
As stated by the others, it will come down to the language of your specific listing agreement. Most will have a "protection clause" within them stating that the broker is still entitled to a commission on any conveyance up to 180 days after their termination if the buyer is someone they (or any other licensed real estate professional) communicated with prior to the termination. So, even if you were to terminate the listing agreement tomorrow, you would have to wait more than 180 days before you could do the deal and not have to pay a commission using my example above. Again, the best route here is to speak to an attorney who can review your specific agreement and advise you accordingly. Best of luck!
Legal Disclaimer: Scott Weires is licensed to practice law in the State and Federal Courts of Florida. The response herein is not legal advice and does not create an attorney/client relationship. The response is in the form of legal education and is intended to provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and time lines that, if known, could significantly change the reply and make it unsuitable. Mr. Weires strongly advises the questioner to confer with an attorney in order to ensure proper advice is received. To learn more about Mr. Weires, please call our firm toll free at 800.682.2825 or visit www.bdblaw.com.