As a homeowner looking to sell their property, signing a listing agreement with a real estate agent can feel like a relief. But what happens if you change your mind or find that your agent isn`t living up to your expectations? Can you cancel a listing agreement?

The short answer is yes, you can cancel a listing agreement. However, the process and potential consequences depend on the specific terms outlined in your agreement.

Most listing agreements have a set timeframe, typically ranging from three to six months. If you wish to cancel before the expiration date, you`ll need to review the agreement to see if there are any provisions for early termination. This may include a cancellation fee or other penalties. It`s important to read the agreement carefully and to understand any consequences before making the decision to cancel.

If the agreement does not have any provisions for early termination, you can attempt to negotiate with your real estate agent to cancel. Be prepared to explain your reasoning and to have an alternative plan in place if your agent agrees to cancel. It`s important to remember that your agent may have invested time and money into marketing your property, and canceling the agreement may cause a strain on your relationship.

In some cases, you may need to seek legal assistance to cancel a listing agreement. This is often the case if you believe that your agent has breached the terms of the agreement or acted in an unethical manner. In these situations, it`s important to document any evidence of wrongdoing and to seek advice from an attorney who specializes in real estate law.

One potential consequence of canceling a listing agreement is that you may be responsible for paying the agent`s commission, even if the property does not sell. This is known as a “procuring cause” clause and is included in many listing agreements. It`s important to review your agreement to see if this clause is included and to understand the potential financial implications.

In conclusion, while it is possible to cancel a listing agreement, it`s important to understand the potential consequences and to carefully review the terms outlined in the agreement. Communication with your agent is key, and if you do decide to cancel, be prepared to negotiate and potentially seek legal assistance.