do I have to pay to cancel List. agreement?

Question

this broker wants me to pay him 4500.00 dlls.
to cancel agreement why? he is not doing any eforts to cell no open houses he don't return calls
when he do '' I call you back '' he dosent we sign and havent seen him thats almost 5 months ago please help us

Answer 1

Usually in a listing agreement there are some duties spelled out that the sales person is going to perform. Check the contract. If he has not preformed his duties you can cancel the contract for lack of performance. This should be spelled out in a letter. First there should be a warning letter stating where you believe he is not preforming his duties within the contract. Then if actions don't change send a letter canceling the contract. How long is the contract, it may just be advantages to let the contract run out. If there is only a short time to go

Answer 2

Could it be that your house is priced too high and that the agent is unable to market your home at that price? If you are not getting calls back, contact the agent's broker to discuss the situation. If you do not get any satisfaction, check to see how long your contract is for and allow it to expire.

Then find yourself a professional agent who will give you excellent customer service, is knowlegeable about the industry and local market, and has a marketing plan for your home. Ask lots of questions, and listen to what they say, not what you want to hear, especially regarding price.

Another choice you have is to take your house off the market and wait out the current cycle, which could take several years. The main problem facing sellers today is the fact that the market has changed to a buyers market and homeowners still have unrealistic views of the value of their home.
Good luck!

Answer 3

for a house for sale, I would think not, if the house does not sell then you do not owe any money, that's part of real estate it's like you wanting to buy a car and test driving every model at the ford place and walking out and not buying anything, (you owe nothing)
however you need to read your contract, it might state that you are to pay a service fee for graphics, open house, copies etc..
but even though that seems high, and some contracts state you can cancel but your property cannot be listed with another company until your original contract expires. life is to short this agent is being a poot, I say move on and get another listing, instead of making your life miserable.

Answer 4

You can claim breach of contract if you read it and find where he has violated. Write it up professionally and tell him that you are rescinding the contract. Also, all contracts of this nature should have the element of termination time. If it does not include this the agreement could be argued to be incomplete and therefore void. There is no way a contract can trap you into business transaction that is not being accomplished as promised.

Answer 5

Send the agent notification in WRITING that you are not satisfied with the way he is "marketing" your house. Be very specific about your complaints and make sure the letter or email is legible, using "spell" and "grammar" check. Send a copy to his broker and warn him that you intend to file a formal complaint with the State Real Estate Commission. He'll have to either agree to cancel or get working on your listing.

Answer 6

I know in my state that the seller can cancel the listing agreement at anytime without fees if they feel the agent is not doing their job. Read your listing agreement thoroughly and see if that clause is in the contract. Unless your agent has spent a ton of money on advertising, that fee is really high regardless.

Answer 7

You probably have to pay him - check the contract that you signed, early termination should be covered there. If it's just a six month listing it might be worth it to just let it run its course.

Answer 8

listen to Cheryl