I live in Illinois and have a contract longer than 3 months with my realtor. However, and ex-realtor told me that by law in Illinois a realtor selling agreement can only be for 3 months so this one is no good. Is that true?
2007-01-09 03:27:17 · 6 answers · asked by Bailey 5 in Business & Finance ➔ Renting & Real Estate
Read the contract agreement for specific terms. This may also give you a code section in law, or contact the state agency that regulates real estate agents such as the Illinois State Dept of Real Estate, for additional guidance.
2007-01-09 03:33:25 · answer #1 · answered by Sociallyinquisitive 3 · 0⤊ 0⤋
Check your listing agreement, it must state on there the expiration of the listing, if there is a space for a date and there is no date inserted there, I suggest you insert today's date and start interviewing some other Realtors. There is no set minimum or maximum expiration dates set by state or federal law, however brokers can mandate the listings their agents take be of a certain duration as there are many things that need to be done and set up that take lots of time to make happen, such as advertising, magazine deadlines come and go in weeks, not days, then to print etc. If the agent performed they installed a sign, inserted your info in mls, made flyers, arranged a tour of your home with their local board of realtors and their own company, they took lots of decent photos that went into these ads and listings, and they informed you of the current listings and recent sales prices of comparable homes. Ask them what the average marketing time for your area is right now, because this has increased dramatically in the past few months ALMOST everywhere. It could be that your dissatisfaction MIGHT be with buyers not your realtor. Have you set a realistic asking price? Would YOU pay that asking price for YOUR home? Ask your realtor to calculate what the monthly payment would be for your home at it's current asking price, and then ask a lender how much income a family must have in order to pay that payment, you may be surprised to find out you are simply asking too much for your property. On the other hand, to be fair, I have come across some rather lazy agents out there too, just make sure where to lay the blame.
2007-01-09 03:42:43 · answer #2 · answered by Granny Boo boo 2 · 0⤊ 0⤋
Read you agreement - I think if it stated 6 months and you signed it you might be stuck. If you Realtor is part of a larger firm, contact the Manager of the firm and talk to him (or her). Good Luck.
2007-01-09 04:40:21 · answer #3 · answered by Kathleen M 4 · 1⤊ 0⤋
i dont know, but I have a colleague who in a Realtor. Maybe you can talk to her. Email me if interested to gregnilles@allstate.com
2007-01-09 03:30:30 · answer #4 · answered by U Luv It 3 · 0⤊ 0⤋
Why might I be disappointed if i've got already died? My kin and kinfolk and pals, on the different hand, may well be very disappointed even with the indisputable fact that. edit: Sorry I examine your question incorrect. properly, if I knew you i may well be disappointed.
2016-10-06 21:39:14 · answer #5 · answered by ? 4 · 0⤊ 0⤋
call them over for a meeting and get in a hot argument and toss a cup of warm coffee in their face. and threaten to call police if they don't leave. have a witness to back you up. they started it and they will volunteer to drop you name off their list gladly.
2007-01-09 03:33:15 · answer #6 · answered by Anonymous · 0⤊ 1⤋