Listing Agreement Cancellation Clause With Seller In Pima
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FAQ
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.
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.
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.
Listing agreements are usually cancelled only with the mutual consent of the involved parties.
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.
Final answer: In terms of a real estate transaction, the ability to cancel a listing during the term of the listing agreement primarily lies with the seller and the broker.
