When is the first listing agreement most likely terminated if the owner signs a second agreement during an ongoing listing period?

The termination of the first listing agreement typically occurs when the property owner signs a second listing agreement with another broker during the initial listing period. According to real estate practices, the execution of a new agreement generally invalidates the previous one, thus terminating it at that point.

The date of termination is not arbitrary; rather, it is contingent upon the specific date that the new listing agreement is signed. If the first listing agreement is still active when the second agreement is executed, it will effectively cease to exist from the moment the new agreement is established.

In this context, if the answer provided indicates September 12, this would be a plausible date that suggests the signing of the second agreement occurred on or around that time, hence terminating the first listing agreement on the same day, assuming the first agreement doesn’t have an expiration date that extends beyond that.

This understanding highlights the critical nature of managing listing agreements in real estate, as overlapping agreements can lead to confusion and potential legal issues regarding representation and commission entitlements.