Cancel Listing Agreement With Realtor In Cuyahoga

Category:

Real Estate - Contracts - Agents

State:

Multi-State

County:

Cuyahoga

Control #:

US-00048DR

Format:

Instant download

Description

The Termination of Listing Agreement form is specifically designed for canceling a listing agreement with a realtor in Cuyahoga. The form allows the Broker and Seller to formally terminate their agreement by mutually agreeing on the effective date of termination. Key features include a waiver of claims by the Broker against the Seller, which ensures that the Seller is not responsible for additional payments or obligations stemming from the agreement, although they may need to reimburse the Broker for certain expenses. This document also includes provisions that protect the Broker's right to compensation for commissions earned before the termination date. It is structured simply for ease of completion, asking for names, addresses, and signatures of both parties involved. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure that the termination is handled legally and clearly, minimizing potential disputes. By using this form, legal professionals can effectively guide their clients through the process, ensuring compliance with local regulations while safeguarding their interests.

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FAQ

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.

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.

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.

All that is required in California is to notify the listing agent in writing.