Listing Agreement Cancellation Clause With Seller In Florida
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A seller may get out of the listing contract in writing if an agent is underperforming or unethical. In conclusion, there is no automatic rescission period to cancel a listing agreement under Florida law.
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.
A listing agreement should include a termination clause to outline conditions under which the property owner or real estate agent can end the contract early.
In general, valid reasons for terminating a listing agreement include: A) Mutual agreement between the seller and agent, B) Completion of the sale, and C) Expiration of the agreed-upon time period, as these reasons reflect the successful conclusion or mutual termination of the contract.
If you're set on canceling, send a formal request in writing, either via email or certified letter. Be sure to include your property address, the date, and a clear statement that you're terminating the agreement. If you want to work with a different agent in the future, be clear about the termination timeframe.
Although the listing agreement is a legally binding document, your realtor may be able to work with you to cancel the contract or make necessary adjustments based on your situation.
