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I have a 9 month contract with a real estate broker - is there a way that I can get out of that contract and still be able to sell my house this year? The way that the r/e agent explained the contract was that I must honor it for 9 months + I think 3 or 6 more months after that (in case someone who came to her open house chooses to purchase the home at a later time)

2007-07-02 06:26:37 · 5 answers · asked by 2kidsnk9 2 in Business & Finance Renting & Real Estate

5 answers

Although legally you may be bound to the 9 month listing contract, practically speaking, you'll likely be able to be released from it. Get the broker's (the manager and/or owner of the real estate company) direct phone number from your agent and call him/her.

Explain that you would like an unconditional withdrawal from the listing agreement, and make sure you list the reasons. If someone who your agent "procured" from an open house or otherwise decides to purchase, you should do the right thing and pay the listing brokerage regardless......It's not too likely though.

Keep in mind, a diligent agent spends many hours and out of pocket expense to market your home.....Make sure your reason for "firing" them is good. A sensible broker should let you out of the agreement if you have good cause, so best of luck!

2007-07-02 08:17:02 · answer #1 · answered by R.E. Advice 3 · 0 0

It really all depends on the terms of your contract. You should carefully read it over and contact the Broker, not the agent if you have any questions.

I wonder what your reason for wanting to fire them is if you still plan to sell your home..

If you don't feel the Agent is doing a good job you might consider also speaking to the broker about this and see if they have any suggestions or perhaps can assign you another agent if you truly have reason to be unhappy with their performance.

I would be happy to give you my unbiased opinion of the performance of the agent if you would like.. just give me a little bit more details. Email srmheath@yahoo.com

Best of luck!

2007-07-02 06:41:05 · answer #2 · answered by Rosie 4 · 0 0

What I suggest doing is telling the agent that you are not happy with the survice that they are giving you. Suggest a meeting with thier broker or someone in the buisness that is higher than they are. I would say that I would like to work with a different agent in the same office. That way you are not legally breaking your agreement. That would be my advice.

2007-07-02 07:50:52 · answer #3 · answered by Ames 2 · 0 0

Contact an attorney.

2007-07-02 07:45:05 · answer #4 · answered by realestatemichigan 3 · 0 0

If you signed a contract, then you're probably stuck with it.

2007-07-02 06:37:03 · answer #5 · answered by Judy 7 · 0 0

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