Canceling A Real Estate Contract With Your Agent In Contra Costa

State:
Multi-State
County:
Contra Costa
Control #:
US-00048DR
Format:
Word; 
Rich Text
Instant download

Description

The Termination of Listing Agreement form facilitates the process of canceling a real estate contract with your agent in Contra Costa. This document outlines the mutual agreement between the real estate broker and the seller to terminate their listing agreement, indicating specific dates for the initiation and conclusion of the contract. Key features include unconditional waivers of future claims between the parties, stipulations for reimbursement of expenses, and the retention of rights to any commissions earned prior to termination. Completion of this form requires users to fill in the date of the agreement, names, and addresses of both the broker and the seller, as well as specifying any marketing costs to be reimbursed. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate, as it provides a clear framework for discontinuing commercial relationships while safeguarding potential financial interests. The straightforward language used in the form ensures it is accessible even to those with limited legal experience, promoting clarity and understanding throughout the termination process.

Form popularity

FAQ

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.

The 14 day cooling off period During the first 14 days after you have entered the contract you have the right to leave the contract without incurring a penalty.

Written Notice: Provide a written notice to your agent or their brokerage firm stating your desire to cancel, citing the reasons clearly and professionally. 3. Settle Obligations: Discuss any outstanding obligations, such as marketing expenses or cancellation fees.

If the buyer/homeowner has not received the required Notice of his or her Three Day Right to Cancel, then the contract may be cancelled at any time until the required form of notice thereof is provided to them. Civil Code § 1689.6.

You can ask your real estate agent to cancel the contract if you want out of the relationship. One of two things might happen: they could agree they don't want to work in an untenable relationship and cancel the contract. Or they could refuse and you'll be stuck with them until the term of the contract expires.

Simply send them a letter or email stating that you are no longer working with them effective immediately. You are not obligated to work with any realtor you don't like. Cut contact after sending the message and contact the new realtor.

Trusted and secure by over 3 million people of the world’s leading companies

Canceling A Real Estate Contract With Your Agent In Contra Costa