Terminate Contract With Realtor In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-00048DR
Format:
Word; 
Rich Text
Instant download

Description

The Termination of Listing Agreement form is designed for individuals or entities looking to legally terminate a contract with a realtor in Phoenix. This form outlines the mutual agreement between the realtor (Broker) and the seller, documenting the termination date and waiving any claims associated with the Listing Agreement. Notably, the form specifies that while the contract is terminated, any compensation earned prior to termination remains unaffected. Key features include sections for names, addresses, dates, and the signatures of both parties, ensuring clarity and accountability. Users should complete the form by filling in the appropriate dates and compensation amounts and obtaining signatures for validation. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear and concise method to legally terminate agreements, protect client rights, and facilitate smooth transitions in real estate transactions.

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FAQ

You can ask for a release or, if it's a large firm, request a different agent. The terms of cancellation should already be spelled out in your contract. Most residential listing agreements are a bilateral contract, meaning both the agent and the seller must perform.

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.

Yes, it can be terminated by both parties mutually or by any one of the parties when there is a breach of contact terms.

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.

Dear Realtor's Name, I am writing to formally terminate our contract for real estate services, dated date of contract, which we entered into on date of agreement. After careful consideration, I have decided that it is in my best interest to terminate our agreement.

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.

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Terminate Contract With Realtor In Phoenix