Seller's broker? How much are you bound to them?

It's whatever it says in your contract. Don't fall for any "it's our standard contract" BS - all contracts are negotiable. Always negotiate a kickout clause if you are unhappy - odds are the broker will want the exclusive to stay in effect for buyers who they have shown the unit to. Limit that to a time period, limit the number, and make them provide a list of names. Also, limit the time of the exclusive contract - open ended are actually illegal as far as I know, but also don't go for 1 year or any period longer than the broker is "promising you" they will sell it in (i.e. if a broker is "guaranteeing you" that they are going to sell it within 3 months, why would they need a 6 month exclusive?).
Keep in mind you can always renew if you are happy with the service you are getting, but you can not unilaterally change contract terms after signing (although I do think if you are very unhappy and have cause, I think a decent amount of brokers will let you out, so long as that cause isn't "I found someone I want to sell it to and cut you out of the deal")

In my experience, brokers will want a one year exclusive listing but will settle for 6 months. 3 months may be a non-starter.

The longer a broker asks for, the more they believe it's priced too high and they will need to beat you up to reduce the price. Remember what Barbara Corcoran said about taking exclusives on overpriced units: just make sure the exclusive is long enough so that it's still yours when they need to reduce the price.

Good possible questions: "What's your marketing plan like"? "What do *I* have to do to help you sell my apartment?" "What would you do if no one comes to the first Open Houses?"

Yes of course, it's an exclusive listing agreement, typically both have to agree to cancel.

One thing you can ask for is that if the asking price drops below $X you have the right to cancel.

30 covers it all thoroughly, as usual. We actually take it a step further, you can cancel our agreement with a simple email at any time and we do not submit a list of protected buyers. I'm just that confident about our process, and if you're no longer happy with us, I don't want you to be bound in a relationship.

Keith Burkhardt
The Burkhardt Group

30 yrs—based on your last post in this thread, it sounds like the contract typically includes the broker having the right to keep lowering the listing price after a certain time period?

Under the contract... If you have a valid offer, are you forced to accept a good offer and sell at any point? Or do you always have the right to reject the offer/change your mind on selling?

Also, do you guys think that it’s a good idea to get a RE lawyer beforehand and have them explain/review the seller’s broker contract?

Keith—I’ve spoken to you before during the buying process. Was intending to use you guys but a broker I had briefly worked with before had a listing she showed me and I went with her. Next time I buy I will definitely consider going with you guys. The selling process seems more involved and complicated so I may need a bit more hand holding.