What is meant by "listing expiration"?

Listing expiration refers specifically to the date when a listing agreement concludes and is no longer in effect. In real estate, a listing agreement is a contract between a property owner and a real estate agent or broker, outlining the terms under which the agent will market and sell the property. Once the specified time in this agreement has elapsed, the listing officially expires, meaning the agent is no longer authorized to represent the property, and the owner is free to re-list with another agent or take other actions regarding the sale.

Understanding listing expiration is essential for both real estate professionals and property owners, as it defines the timeline for marketing and selling property, dictates the relationship between the agent and seller, and sets expectations for both parties.