This situation generally comes when you reduce the price of home in his guideline and other broker feed backed that your asking price is right. The agent also undermines your position with the one buyer who made an offer by talking down the price of a home. If you ask to cancel your listing agreement, they can ask 30 more days. After that, they can ask their marketing expenses and referral fee. In that time, you may have following question in your mind.
Is it typical for the fee to remain for the entire term of the original listing agreement?
Would a referral fee owed to the current agent if the home sells to any party during the term of the original list agreement?
Is it typical for the fee to remain for the entire term of the original listing agreement?
The listing agreement can specify the length of time after the contract is up that the former listing agency is still due commission for having been the procuring cause of sale. Most reputable agencies will let you out of a listing agreement if you are not happy. However, if they have done the work to procure a ready, willing and able buyer, and you ultimately sell to this buyer after the contract ends, they may be due some compensation, especially if it is within the time frame specified in the listing agreement.
Once again, as stated by others, look at the listing agreement. It is a contract. Your listing agreement is with the real estate company and not the agent. If you are not happy with your agent, get in touch with the broker in charge of the company and ask for a new agent. I know you are relating the experience to the company but the agent you are having the problem. Do not let one bad apple spoil the bunch. Every real estate company has agents that shine and know what they are doing, and agents that do not shine as much. The broker in charge should be able to refer someone to you that will satisfy your needs. The new agents will most likely pay a fee to your current agent but it will do in house and will not cost you anything extra.
Is it typical for the fee to remain for the entire term of the original listing agreement?
Would a referral fee owed to the current agent if the home sells to any party during the term of the original list agreement?
Is it typical for the fee to remain for the entire term of the original listing agreement?
The listing agreement can specify the length of time after the contract is up that the former listing agency is still due commission for having been the procuring cause of sale. Most reputable agencies will let you out of a listing agreement if you are not happy. However, if they have done the work to procure a ready, willing and able buyer, and you ultimately sell to this buyer after the contract ends, they may be due some compensation, especially if it is within the time frame specified in the listing agreement.
Once again, as stated by others, look at the listing agreement. It is a contract. Your listing agreement is with the real estate company and not the agent. If you are not happy with your agent, get in touch with the broker in charge of the company and ask for a new agent. I know you are relating the experience to the company but the agent you are having the problem. Do not let one bad apple spoil the bunch. Every real estate company has agents that shine and know what they are doing, and agents that do not shine as much. The broker in charge should be able to refer someone to you that will satisfy your needs. The new agents will most likely pay a fee to your current agent but it will do in house and will not cost you anything extra.