How can you get out of a listing agreement once you’ve signed it?
“Is it possible for you to back out of a listing agreement?” Mind you, that question is a legal question best answered by an expert, but today I’ll share some of our experiences with this matter and why it’s so important for you to hire the right agent.
The reality is that if you have signed a listing agreement, you are bound to the brokerage you’ve signed with. Sometimes people come to us saying that their current agent isn’t serving them that well, but legally, we cannot help them until they’re done with that listing agreement. That means until both parties agree to terminate the agreement or until it expires.
Before signing a listing agreement, ask for a satisfaction guarantee.
When it comes to listing agreements (and, indeed, any sort of legal document), you must make sure that you’re working with someone who will stand behind their work. On our team, we have a satisfaction guarantee that states if we’re not following through on what we said we were going to do, you’ll give us a chance to fix it. If we don’t, you have an out. We put that language in our agreement so that you can be confident you’ll be served at a high level.
Before you sign another listing agreement, you may want to ask for the same thing or find some way of guaranteeing their level of service instead of just holding you in a legal contract.
If you’d like more detailed information, we encourage you to reach out to a real estate attorney; I can recommend one to you if you need it. Otherwise, if you have any real estate questions, don’t hesitate to reach out to us. We’d love to help you.