How do I terminate a listing agreement with a realtor?
110311
Previous post is correct, there is an expiration date on the listing. Contracts can be voided for only a few reason (death, nonfulfillment, nonperformance, etc). When in doubt, consult a lawyer.
192000
This is going to cause lots of problems for so many reasons.\n\nIf you listed your house on FSBO but have a realtor's sign in your front yard - how will you explain that to prospective buyers without coming across as shady?\n\nAnd if that buyer has an agent? That agent is required to work with your listing agent.\n\nShort answer: Pay the commission out of your proceeds which are split between listing and buying agent but make the listing agent earn every penny.\n- Make sure the buyer is qualified\n- Handle the inspection\n- Manage the negotiation\n- Manage the contract process\n- Make sure the closing goes smoothly\n\nGood luck - I think you're going to need it.
946640
By all means. Yes! however , I wouldn't be asking nor would I be demanding. The best approach is a non-confrontational statement of facts approach that goes something like this: Our lender has sent out his appraiser to your house. The dollar amount they are willing to lend does not provide sufficient funds for us to consummate the purchase of your house at the price we thought we would be able to pay. We still would love to buy your house but to do so we would only be able to pay "X". If this is agreeable to you please let us know ASAP as we will need to continue our house search if it is not.\nOh, by the way someone has removed part of the climbing wall that we had both agreed would remain and I have 3 estimates attached to this letter for what it would cost to put it back in the condition it was in when we reached our agreement. This also needs to be addressed either thru the replacing of the missing portion of the climbing wall or the retention of "X" dollars in escrow to cover the cost. Thank you. We look forward to hearing from you and hope we can work out these details speedily.\n\nDO NOT CLOSE ESCROW UNTIL YOU ARE SATISFIED. Everyone else makes money when you close. The seller, lender, Realtors, title company etc. YOU HAVE THE POWER TO HAVE IT YOUR WAY UNTIL YOU CLOSE ESCROW THEN IT ALL GOES AWAY.
887531
Probably best to tell the broker you are putting the sale on hold so that he does not keep spending money in advertising. He will probably work with you if you tell him you will give him first shot at the listing when you do decide to sell. if he is difficult you could see what you agreement says..you probably could just tell the broker you are going let the listing run it's course but unless he can bring you a full price deal with no strings you will not accept the offer.. that will probably put an end to it all..
437619
This really depends upon the state and the contract (assuming that is that by sale agreement you mean contract for sale).\n\nMost form contracts will have a specific date written in for the closing.  If not, they have provisions that would require a closing within 30 to 60 days of the effective date (date when contract was made).\n\nIf there are no provisions for a timeline, then you'd have to find out what your state laws regarding real estate contracts would say is a 'reasonable' amount of time to complete the transaction.\n\nHave to admit though, it sounds to me like if there is no dates or timeline listed any where, not even a blank that says, 'if blank closing to be within 30 days', you might not have a legitamate contract for sale.
38876
hell no its not right file a complaint with the national assosiation of realtors and your state real estate board- I had a realtor give the lock box # for my old house to a client without anyone's consent so he can take my key and enter my house whenever he felt like it- fight for your rights!!!you own the property not your realtor-I would term my contract with the realtor and find one with integrity
57231
Today's realtor never cease to amaze me what they see as OK.  If the realtor is the agent for the selling party, how do you think the seller would feel if they found out, especially if the realtor is kicking back something else to the buyer in the first sale or the second sale.\n\nFIRST EDIT: I'm not saying that from the buyer's perspective it isn't a good strategy, but raises some ethical questions for me.\n\nSECOND EDIT: Do you have a realtor?  If not, they should be lowering their fees on the first sale for god's sake.  If they aren't doing that, you don't want them selling your house.
758968
You can use their format, but NOT their name.  As for the 'Broker's information', that is also not advised.  If your contract with the Broker has concluded, you are entitled any information they have.  They did not sell it, and you paid something for the service, correct?  \n  If you use their name and logo, their will be looking for their com-\nmission on the sale.\n  It is ALSO good advise to have an attorney look over the paperwork at the closing.  Find one in the yellow pages, or ask friends.
448776
Do you want to keep your home?  If not, sell the house.  The last thing a lender wants is to take someone's home.  They want to get paid.  Contact a Realtor (GET A SHARP ONE BECAUSE TIME IS YOUR ENEMY RIGHT NOW!) to list/market your home.  Once you go to court, the lender will have representation there.  You tell the judge that you are in the process of selling the home.  Take the listing agreement or hopefully you can have a signed "offer to purchase" that you can show the judge of your good faith.  I've dealt with cases like these alot.  I have actually left the closing and gone across the street to the courthouse on my seller's behalf to advise the judge that "we are closing as we speak".  The key is to go to court.....don't run from it.\n\nGood Luck!
1120904
REMEMBER: Sherman Antitrust Laws prohibit price fixing & market allocating, so basically, the rate of commission is negotiable in each and every case. Keep in mind that usually the commission is paid entirely by the SELLER, and that if selling, you may discuss with your realtor the rate of commission you are willing to pay him/her when you list your home for sale.  Once you have agreed upon in writing the commission you are willing to pay, then you are both bound by this agreement. Your realtor cannot, however, tell you what other companies charge,  what a "standard" commission is on a certain type of property (residential, commercial, agricultural, industrial) or anything of that sort. All they should tell you is "I charge _____% commission for this type of transaction."  In which case, you can negotiate this up or down as the two of you see fit. \n\nAlso please keep in mind that realtors are not salaried employees, they are independent contractors who only get paid when they have a closing. Please don't expect them to work for free.
405660
I would contact a REALTOR in the Kissemee area.  Otherwise, how are you going to show the property if you live in NY ? Trust me, it is must easier to have a realtor handle the transaction.  Let them field all of the calls, etc.  All you should have to do then is accept a contract & show up at settlement.
729719
Can't speak for Oregon, but in Michigan once you've signed the papers it's a done deal.  If you think the sellers took advantage of you, talk to a lawyer (many lawyers advertise in the Yellow Pages and give free initial consultations).  There may be a chance to get out of the sale, but the lawyer would have to review your closing paperwork, the inspection/appraisal, etc., and would have to show a material omission or misrepresentation on the part of the seller, and that can be tough to prove.
216193
Best thing you can do is apply pressure to your realtor by suggesting that you might take it off the market or sell with someone else if it doesn't sell by a certain date.  There's lots of things they an do to generate interest in your house.\n\nIf that  doesn't work just fire your realtor (in writing) and look up a real estate investor group, and go to the meeting (there are groups like this in every state), they will sometimes by your house commission-free!\n\nLastly, you can always put it up for auction.  It sounds silly but you can generate tons of interest in a semi-desirable property by auctioning it.  There is so much pressure that sometimes you end up getting more then you thought you ever could!
778734
You had your sellers sign the counter?  That ties the house up.  If you get a better offer, you need to hurry up and withdraw your counter.  If you get another offer that's worth responding to, but not accepting, then you're in a pickle.\n\nI think they'll think on it a while, then sign it.
312317
The fact that the seller has not been able to obtain the pay off information from their lender does not make it necessary for you to agree to postpone the closing date. This is never a condition of sale. If you are utilizing the services of a real estate professional, he/she should have explained the full contract to you. As a matter of fact, there is a form that your agent should have sent to the seller's agent where the seller removes all contingencies.
998439
There are several issues here.     Let's start with the appraisal.  Appraisers are regulated and appraisals are valid if performed in complaince by a licensed real estate appraiser.  If your buyers are getting financed on the purchase, an appraisal will, in all probability, be required.  If they are not financing it, no appraisal will be required so you may never know the home's real value.\n\nThe fact that your sister's home may be valued higher than yours would not be unusual if her home is bigger, in better condition, or just not comparable to yours.  Just because a house is next door doesn't mean the values will be the same.  There are a lot of things that factor into value. \n\nNext, if you signed an agreement to sell the home for $200,000,\nyou have entered into a contract to sell at that price.  it may, and I stress MAY, be too late to change that now.  The may comes in because the Realtor must disclose that the buyer is a licensed Realtor.  If he did not do so in writing on the sales agreement, you may have a case to void the contract.\n\nFinally, that Realtor has absolutely no business bringing in anyone to move you or tell you what can be moved.  He has no rights to enter your property at all without your permission until such time as the buyer's loan documents and your deed awarding them the title to the property have been signed and recorded.  Until that day, the home is yours and yours alone.\n\nAt best, what has occured here is an example of horrible communications.  At worst, you're being swindled and taken advantage of. \n\nYou say you cannot afford a lawyer.  I say you cannot afford not to consult one.  You can pay the lawyer's fee from the proceeds of the sale. \n\nAt least make an effort to protect yourself.  Call legal aid, call  your pastor, call an advocacy group for people with your disability.  Help is out there, please go get it.\n\nI'll pray for you.
432517
Usually they do. In Arizona a listing contract is required to have a start and end date, you need to read yours.  There should also be a clause to cancel the contract as well.\n\nThe main thing that you should do is talk to your agent and express your concerns.