Is there anyway to get out of a real estate contract if you are not happy with your agent?
We have been trying to sell our house for about five months. We signed a contract with our real estate agent that ends December 31st. Our real estate agent has not been helpful at all. He doesn't return phone calls or give us any advice. He barely even advertises the house. We finally got a hold of him to ask if we could get out of the contract. He said no that we would have to wait til December. I want to know if this is true.
- Anonymous1 decade agoFavorite Answer
If the contract is until Dec 31st, then that is the contract and you can't get out of it just because you aren't happy. But it is with the brokerage - not the agent. So call up the broker and talk with him or her about your discontent.
November and December are slow times for real estate in most areas, so if you have to wait it out, this is a good time for it. Next time, sign a listing agreement for a shorter period like 2 or 3 months and have the agent make a list of their obligations with regard to marketing.Source(s): Ontario realtor
- vaccaroLv 45 years ago
Just to mirror a couple of matters that had been already mentioned... With each and every state there are distinctive requisites for downpayments and and many others. The literal which means of earnest method critical. Earnest cash is cash to whole the sale of a house, typically the downpayment, ultimate expenses and different expenses mentioned within the agreement. This is handiest passed to the Real Estate Agent on the ultimate of the sale (in Massachusetts), except it's acknowledged within the agreement. If you've got been pre-accepted, then there will have to be no situation in watching at residences. If you're no longer relaxed with this Agent - then I could seem for a further agent. However, to be reasonable, if you're going to move forward with the house seek, then I could have the cash within the financial institution already. You not ever recognize while you're going to discover "the only" and if you're going to make a significant present on a apartment and the vendor wishes a rapid ultimate, you then ought to have the cash within the financial institution. Good Luck!
- MKEisfunLv 41 decade ago
You don't have to wait until December. Call his sales director and let them know you are dissatisfied and ask to be released from the listing agreement.
But to protect yourself legally, first cancel your listing agreement with him before contacting another agent.
Also if a buyer who has looked at your house while under the listing agreement with the current agent makes an offer before December 31st, you could be liable to pay the first agent a commission.
It doesn't sound like he has brought you any buyers anyway.
Ask friends and neighbors who have bought or sold recently to recommend a realtor. Interview at least 3 agents and ask them to give you a comparative market analysis to determine the value of your home.
Make sure you are realistic on your listing price and that your house shows well.
Good luck!Source(s): Realtor
- 1 decade ago
No...The answer is in the Contract that you signed. You are never obligated to accept terrible service, even in dealing with a Real Estate Agent. Keep in mind, your Realtor has a Broker that you can call at any time.Source(s): Realtor, Real Estate Investor
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- 1 decade ago
When your contract expires with this realtor...find another realtor that specializes in really marketing your house. We had this same problem and had to suffer thru the 6 months while the contract was in force. Ask some of the local closing agents (title companies) which selling realtor do they see the most at their closings.Source(s): Been there done that
- AJLv 71 decade ago
Did you read this contract before signing it? I hope you aren't paying him anything.
Unfortunately, without seeing the entire contract, it is impossible to comment.