Selling

Listing Expiration

The date specified in your listing agreement when the contract between you and your brokerage ends. After this date, your property is removed from MLS and the agent is no longer authorized to market it on your behalf. If the property hasn't sold, you can relist with the same agent, switch to a new one, or take the property off the market.

Why It Matters

Pay attention to the expiration date in your listing agreement. A typical listing term in the GTA is 60 to 90 days. If your home hasn't sold by expiry, it's time to reassess your pricing strategy, marketing approach, or choice of agent. A holdover clause may still apply for a period after expiration.

Real-World Example

You listed your condo in North York with a 90-day listing agreement starting March 1. The listing expires on May 30 without a sale. You decide to switch agents, but your original listing agreement has a 60-day holdover clause. A buyer who attended your open house on May 15 contacts your new agent in June -- under the holdover clause, your original agent may still be entitled to their commission on this sale.

Ontario & GTA Context

In Ontario, listing expiration dates and holdover clauses are governed by TRESA and specified in the OREA standard listing agreement form. RECO requires agents to clearly explain the holdover clause before signing. If you are unhappy with your agent and want to terminate early, review the cancellation terms in your agreement or consult a lawyer.

How It Works in Practice

When signing a listing agreement, negotiate the term length carefully. Start with 60 days if you want flexibility. If relisting after an expiration, consider a fresh approach: new photos, updated staging, and a revised pricing strategy. A property that was previously listed and expired can carry stigma with buyers, so the relaunch needs to feel like a new opportunity.

Common Questions

What happens when my listing expires in Ontario?▾

Your property is removed from MLS, and your agent can no longer market it. You are free to relist with the same agent, choose a new agent, or take the property off the market entirely. Check the holdover clause in your agreement, as it may still create commission obligations for a period after expiry.

Can I fire my real estate agent before the listing expires?▾

It depends on your listing agreement's terms. Some agreements include a mutual termination clause. Without one, you may need to negotiate an exit. In extreme cases where the agent has not fulfilled their obligations, you can file a complaint with RECO, but this does not automatically void the agreement.

Related Terms

Listing Agreement

Multiple Listing Service (MLS)

Contingency Plan

Related Guides

Home Selling

Pricing Strategy

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