Can I get out of my listing agreement?
04/05/2016 | Author: Legal Staff
I signed a three-month listing agreement with a broker to sell my house. It’s been almost six weeks, and there hasn’t been any interest from buyers. Can I terminate my listing agreement early?
Before you jump to terminate the listing agreement, have you talked to the broker? Have you discussed your dissatisfaction with his services?
Most professionals don’t want unhappy clients, and perhaps a conversation will resolve your issues. However, if you still want to terminate the agreement after talking with him, you and the broker should agree to terminate the listing agreement in writing.
If the broker is a member of the Texas Association of REALTORS®, he can use Termination of Listing (TAR form 1410) to end the agreement and specify what fees, if any, you will owe to the broker. You can also have an attorney draw up an agreement that’s satisfactory to you and the broker.
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