re: Listing agreement termination fee?

It should have an expiration date and cool-down period. For example 6-12 month listing agreement with 45 day cool down. This is incase a buyer comes from the efforts of the realtor after the listing expires.

Personally, I don't use termination fees. The listing is technically with the broker, so I give you the contact info of the broker. If I'm doing a poor job, you can contact my broker to fix it. If I don't fix the issue, you can walk away despite how much time is left on the listing. If a seller feels stuck with a realtor doing a poor job, they will never refer the agent to friends.

The only reason I could think of using a termination fee would be on high-end listing ($1mil+). That kind of listing requires paying for a lot of things upfront to market nationally.