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Answers (4)
- Ilene Whitmarsh, "Ilene L Whitmarsh"
- Contributions:14
A Real Estate Contract is a legal, binding document between you and the designated broker of the company you are signed on with. If a sit down conversation with your agent is not satisfactory, the next step is to call the broker of the office and make an appointment to discuss why you are disatisfied and why you would like to have the contract rescinded. Most brokers will take into consideration your situation and if your concerns are considered valid they can release you from your contract.
- Michael Emery, "MikeEmery"
- Contributions:7296
More than likely if you are unhappy, your agent is unhappy. Ask them to release you from your contract and they should oblige.
If there's a question of incompetence or malfeasance and they refuse to let you out of your contract, I would contact the local real estate board.
Just be aware that in some states there is language in the listing agreement that is called procuring cause. If during the duration of the contract there was a buyer who showed interest or made an offer and then bought your home, you may be required to pay the agent a commission even after the ending of the relationship. Is it hard to prove? definitely. The agent would have to provide you with a list of everyone that viewed your property during the length of the contract. The procuring cause usually goes away after a set period of time or if you list with another agent (which most people do, so it's a moot point in most cases.
While this is the law in Minnesota, it may not be law in Connecticut. But be aware that it's out there.
If there's a question of incompetence or malfeasance and they refuse to let you out of your contract, I would contact the local real estate board.
Just be aware that in some states there is language in the listing agreement that is called procuring cause. If during the duration of the contract there was a buyer who showed interest or made an offer and then bought your home, you may be required to pay the agent a commission even after the ending of the relationship. Is it hard to prove? definitely. The agent would have to provide you with a list of everyone that viewed your property during the length of the contract. The procuring cause usually goes away after a set period of time or if you list with another agent (which most people do, so it's a moot point in most cases.
While this is the law in Minnesota, it may not be law in Connecticut. But be aware that it's out there.
Why do you want to terminate the listing? That may help us to give you the right answer.
- FriendshipProperties
- Contributions:783
If you want to do it formally, there is a 'Mutual Release of Agency' form. Your Realtor will have this. Otherwise you can just tell them the truth about why you want to terminate the relationship and hopefully they will honor your request.
Does anyone know how to be released from a real estate listing contract in Connecticut?
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