How To Legally Break Up With Your Real Estate Agent

In person meeting to discuss cancelling a real estate agent contract

Wondering if you can cancel a contract with a real estate agent?

The expertise of a reputable real estate agent is a must if you want to navigate the intricacies of the property market. But what if you have a dud on your hands? You want an agent that will look after your best interests. That requires a great deal of trust, and there are plenty of reasons why yours may be gone. So, can you cancel a contract with a real estate agent? Here’s what you need to know. 

The Mistakes Agents Make

If you’re thinking about cancelling your contract with a real estate agent, chances are they haven’t lived up to your expectations. Here are some of the more common reasons sellers can have for wanting a new agent. 

Communication Issues

An agent should keep you reliably informed. These communication issues can leave you frustrated. While your agent may be dealing with many clients, you should feel like you’re a priority.  

Undelivered Promises

An agent will make promises to get your signature on a contract. They must deliver. You don’t want an agent that makes promises they have no intention of keeping or can’t keep.  

Mismanagement

The seller shouldn’t be present at an open house; that’s what your agent is for. What should be in the house is furniture. Empty houses often look much smaller than furnished homes so removing all your belongings is a blunder. You must set the stage and give potential buyers something to work with. You need to put yourself in the potential buyer’s shoes, and your agent should guide that process.  

Cancelling a Contract with a Real Estate Agent

Buyers aren’t normally locked into a contract with an agent, but sellers are, and there are strings attached if you want to terminate it. Double-check your contract to see if there’s a cancellation clause to ease the process.  

The first step is setting up an in-person appointment with the agent. Be upfront with them and explain why you don’t believe the agreement is beneficial. Be as specific as possible and provide examples. For instance, you said (what they promised), but (the reality). If it’s a communication issue, clearly detail specific examples. 

Some agents will make it harder than others. If the agent won’t see reason, you may have to escalate the issue to the agency broker. Most brokers don’t want a legal battle, so you may be able to agree. If you can’t reach an agreement, you can breach contract and pay the fees or wait for the mandate to expire. In any situation, it’s always best to consult with a lawyer before you sign a contract. If you already signed the contract, you can still speak to a lawyer. 

Image Realty Can Help

According to the most recent figures, there are almost 65,000 real estate agents in Australia. Not all of them will be right for you which is why you need to do thorough research before you sign a contract with someone to sell your home. A reliable agent can ensure a simple and affordable transition.  

Buying and selling property can be an emotional rollercoaster, but it’s a more enjoyable ride when you work with trusted agents like Image Realty.

Contact
the Image Realty team today.

 

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