How can I break my contract with my realtor?

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.

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Termination or Cancellation of Listing Agreement

Cancelling A Real Estate Contract With Agent In Phoenix

Category:

Real Estate - Contracts - Agents

State:

Multi-State

City:

Phoenix

Control #:

US-00048DR

Format:

Instant download

Description

The document is a Termination of Listing Agreement designed for cancelling a real estate contract with an agent in Phoenix. It begins by identifying the broker and the seller along with their respective contact details. The form states that both parties have entered into a Listing Agreement on a specified date, which they now intend to terminate. The broker relinquishes any claims against the seller regarding the listing, aside from reimbursement of certain expenses related to advertising and marketing. The seller releases the broker from any further obligations under the agreement. Despite the termination, the broker retains rights to any commissions earned prior to this date. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear and concise method to formalize the end of a real estate agreement. Users benefit from the straightforward structure and the assurances it provides to both parties regarding prior obligations and financial responsibilities.

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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.

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.

If you wish to terminate the agreement before it expires, you will need to send a formal letter to the real estate agency, which will then be held responsible for the commissions associated with the sale of the property.

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.

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.

The purchaser or lessee has the legal right to rescind (cancel) this agreement without cause or reason of any kind by sending or delivering a written notice of rescission to the seller or lessor by midnight of the seventh calendar day following the day the purchaser or lessee executed the agreement.