Does anyone know what I need to do to terminate this type of agreement? I no longer wish to work with the realty company and have found another agent. I live in VA
2007-03-16 04:28:09 · 2 answers · asked by Tra 2 in Business & Finance ➔ Renting & Real Estate
Give them a notice in writing that you are no longer interested in their services. All contracts like that have a termination close, it could be 30 day notice or something like that.
In the future do not sign contracts like that with Realtors anymore. There is no need for that, if they demand, move on. All Realtors have access to the same databases, so it does not even matter if it is a large company or a small brokerage. What matters is that you have an honest and decent person working for you.
2007-03-16 04:43:08 · answer #1 · answered by Alexander K 3 · 1⤊ 0⤋
There's not much you can do than to let your agreement expire. Check the terms of your agreement to see if you have a 3 or 6 month comittment.
The only other way to get out of the contract is if the managing broker for the old real estate agent lets you out.
Contact the office, ask to speak to the managing broker. Tell him/her that you aren't happy with their company and want to go with someone else. Your contract is with the company, not the agent, so they will try to shuffle a different agent in the same office, but that won't help you.
Be firm, but be polite.
DO NOT TELL the old realtor who the new agent is. They will file a complaint with the realtors association and will get your new agent in big trouble.
2007-03-16 11:37:15 · answer #2 · answered by Michael W 3 · 1⤊ 0⤋