As Jeremy signed a listing agreement with a broker (Ralph), when he was then run over by a cement truck and died, his agreement with Ralph remain valid until 90 days, which would then be terminated.
Basically, a listing agreement means an employment contract between a property owner and a real estate broker that allows the broker to act as a listing agent and find a buyer for the property on the seller’s terms. This type of agreement grants a real estate agent the permission to find a buyer for your home and outlines the type of commission your real estate agent will receive once the sale is completed.
As a popular agreement in real estate, the listing agreement serve as the primary contract of employment between the owner and broker. In some cases, the broker's commission can be earned if he can prove that he set into motion a series of events which resulted in the sale.
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