Can You Cancel a Listing Contract in Real Estate?
Learn how to cancel a listing contract in real estate, what to expect from the process, and tips to avoid potential fees or legal issues.
Selling your home is a big decision, but what happens when your listing agent isn’t meeting your expectations? Maybe your property isn’t getting any interest, communication feels off, or the process simply isn’t what you thought it would be. You might be wondering: Can you cancel a listing contract in real estate?
The answer is yes, but there are specific steps to take into account, as well as a few limitations to be aware of. To help you navigate the uncertainties of canceling a listing agreement, we spoke to top-selling real estate agent Santiago Valdez, who boasts over 23 years of industry experience and specializes in single-family homes. He shares practical insights and guidance about what you need to know before taking the next step.
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Can you cancel a listing contract in real estate?
In most cases, you can cancel a listing contract. However, it depends on the agreement you signed with your agent or brokerage. Typically, a real estate listing agreement is a legally binding contract that outlines specific terms, including cancellation rights. Many agents will allow you to cancel early if you’re unhappy, but some contracts include cancellation fees or require mutual consent. Always read the fine print and talk directly with your real estate agent before making any decisions.
Types of listing agreements
The type of listing agreement you sign can impact how easily you’re able to cancel or make changes during the sale process. Here are the four main types:
