Terminate Contract With Attorney In Wake

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• County: Wake
• Control #: US-00048DR
• Format: Word; Rich Text

Description

The Termination of Listing Agreement form is a crucial document for concluding a contractual relationship between a real estate broker and a seller. This form clearly states that both parties agree to terminate the existing Listing Agreement, defines the effective date of termination, and waives any further claims by the broker against the seller. It ensures that any expenses incurred by the broker, such as advertisement costs, are reimbursed, while also releasing the broker from future obligations under the agreement. Legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form as it provides a clear and concise way to formally end a real estate partnership. Its straightforward language assists users with little legal experience in understanding their rights and responsibilities during contract termination. Completing the form involves filling in the required details, such as the parties' names and addresses, along with the termination date and any reimbursement amounts. This form is particularly useful in situations where a seller no longer wishes to engage a broker’s services, ensuring that both parties part ways amicably while retaining rights to any commissions earned prior to termination.