2006-07-28 00:35:47 · 6 answers · asked by sonja w 1 in Business & Finance ➔ Renting & Real Estate
you need to read over your listing agreement. what type of listing agreement is it--open, net, exclusive right to sell?
why are you wanting to take it off the market?
have you talked to your realtor?
you need to talk to your realtor ASAP. as far as it costing anything, it depends on what your intentions are, what you signed, and what you plan on doing. are you taking it off the market to sell it behind the realtors' back to avoid paying commission? if so, be prepared to be taken to court by the realty company/realtor in order for them to collect the commission you owe to them.
if you are taking it off the market because you do not intend to sell it at this time--or for some other valid reason-- then tell your realtor that and you will sign a release of listing form from that agency--and there will be no charge. do take into consideration that the realtor has probably marketed your property, and that any expenses (advertising, signs, etc) have been paid for out of the realtors' pocket.
don't try to be slick, and avoid cutting out the commission. there is a protection clause (most likely) in your listing agreement you signed, and these protection clauses have various provisions to protect the listing agent.
remember, you and your realtor mutually agreed to get into a contract together, and you and your realtor (brokerage) can mutually agree to get out of it as well.
good luck with this!
2006-07-28 02:01:07 · answer #1 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
You have to read your contract. Realtors draw up those contracts to protect their interests. However, they are almost always written on a commission/sale basis. In order to earn the commission, a sale has to go through.
Generally, it will not cost you anything if you decide to take your house off the market. There is, however, always a clause in the contract that says you owe the commission to the Realtor, if you cancel the contract then sell the property at a later date, without the Realtor. The length of time that ties you in varies and may be as long as six months.
2006-07-28 00:45:27 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
not to take it off the market. however if you sell it within the time of the original listing agreement you may still be liable for the commission. talk to an attorney in your state let him review the listing agreement and write the letter terminating the contract and obtain your release.
2006-07-28 00:45:00 · answer #3 · answered by unklkvn308 2 · 0⤊ 0⤋
Read your listing agreement with your broker.Your agent should have explained their policy to you when you signed up with him/her. My company has a no questions asked policy, just give us 24 hours to get your house out of the computer and to take down the sign and lockbox, but not all companies are so generous.
2006-07-28 03:22:05 · answer #4 · answered by akc1106 4 · 0⤊ 0⤋
Not if you don't sell it to someone else. If you take it off then down the road sell it to someone the Realtor had showed it to you will be responsible to pay the Realtor his/her commission.
2006-07-28 01:45:26 · answer #5 · answered by bbbandit 2 · 0⤊ 0⤋
it depends on what your contract says, you signed it
2006-07-28 00:46:10 · answer #6 · answered by gene r 2 · 0⤊ 0⤋