If your listing agreement with a client terminates, Paragraph 5E, Protection Period, of the Residential Real Estate Listing Agreement – Exclusive Right to Sell (TXR 1101) outlines under what conditions you would still receive compensation for the sale of that property.

  • Section 1 of the paragraph sets the length of the protection period.
  • Section 2 describes the written notice you must give to the seller to ensure that certain buyers would trigger the requirement that the seller compensate you if those buyers were to purchase the property during that period.
  • Section 3 covers when the protection period would not apply, namely if the seller agrees to sell the property, the property is exclusively listed with another broker who is a REALTOR® at the time the sale is negotiated, and seller is required to pay that broker a fee for the sale.