The easiest way out is to sit down with the real estate brokerage the realtor works for and discuss breaking the agreement. Many reputable brokerages who wish to keep a favorable relationship with your business will agree to peaceful contract termination.
Contract Terms: Your agreement might have specific conditions to be met before you can terminate. Time Commitments: Many listing agreements have a set period. You might need to wait until this period is over.
As a general rule, a contract is binding as soon as you sign it, and you do not have the right to cancel the contract.
If I was wanting to cancel, the first thing I would do is contact the listing agent and explain why you want to cancel. Most of the time the listing agent will release you from the agreement. If they are resistant to releasing you from the agreement contact their Broker/manager and explain.
If you've officially decided to move forward with the cancellation, it's time to put it in writing and send it to the other party. When writing this letter, make sure to include the date the contract was drafted, the address of the home, the date of cancellation, and your reasons.
If you've officially decided to move forward with the cancellation, it's time to put it in writing and send it to the other party. When writing this letter, make sure to include the date the contract was drafted, the address of the home, the date of cancellation, and your reasons.
You should use the Listing Cancellation Form when you wish to terminate an existing listing agreement with your real estate agent.
Dear Real Estate Agent/Broker Name, I am writing to inform you of my decision to cancel the real estate contract we entered into on date contract was signed. The property in question is located at property address. Please consider this letter as my official notice of cancellation.