(c) An exclusive listing agreement may not contain: (1) A listing period exceeding 1 year. (2) An automatic renewal clause.Everything you need to know to represent your seller! Seller agrees that Broker and Broker's Licensees may also represent the buyer(s) of the Property. The lease term shall be defined as the period between the start and end dates listed in the rental agreement, not including any renewal period(s). (D) If the Property, or any part of it, is rented, Seller will give any leases to Broker before signing this Contract. Many include a renewal clause, which provides an option to extend the listing period if both parties agree. PAR's Buyer Agency Contract includes all of the legallyrequired language and allows for a buyer's broker fee to be structured in several ways. What do you do when the real estate listing agreement expires?