Saturday, September 1, 2012

What Are The Repercussions Of Firing My Realtor - Realtor.com

questions

Q: My realtor is not as aggressive as I need her to be. My house has been on the market a month and she has not done an open house or listed the home in any newspapers.I made it clear to her that my job was forcing me to move in 60 days and needed her to sell it as quickly as possible. It took her a full week to list the home online and put a sign in the yard. I did not sign the exclusive right to sell contract because the listing price she put was wrong. I did sign the Agency Disclosure Statement, Consumer Guide to Agency Relationships, Fair Housing, and Seller Disclosure of Property Condition. I would like to know if I can fire her and get a new realtor without any repercussions or having to pay her anything.

Thank you.
?Anonymous, Lexington, KY

A: Because you have a written agreement in place, your current agent can legally pursue his/her side of the commission even if you decide to do business with another agent. Try speaking with this agent and being honest about your feelings towards the way she?s handled the situation. If you ultimately don?t want to work with her, chances are she may very well do a 360 and service you better. Communication and clarification could prevent legal disputes, stress and unnecessary time. Many agents opt out of a listing and cancel their agreements voluntarily with the Seller over working with someone who isn?t happy with them. You?d be surprised what a simple, candid conversation can accomplish.
Maria Jeantet is a Realtor? with Coldwell Banker C & C Properties in Redding, CA

A: The short answer is Yes, if you don?t actually have a signed listing agreement with her. The long answer is still Yes, but I would take an extra step before firing her. Call the managing broker for your agent?s office and explain what the issues are. I can?t imagine that the Broker would not have a problem with how the agent is handling the listing especially since you don?t have a signed listing agreement. Ask her if you can change Realtors within the company and explain exactly what your expectations are with the next Realtor. If you can?t work it out with that Broker and you find a different company to work with, please make sure that you explain that you are highly motivated and be ready & willing to listen to their suggestions regarding price & quick fixes to make the house show as well as possible. Ask them to provide you with a marketing plan, this way you will know what they plan on doing to market your house. It is very possible that what you think is good marketing is not as effective as other types of marketing. For example, you mentioned Open Houses and ads in a newspaper. In my primary market, we do not use newspaper ads very often because most buyers use the internet now to search properties, not the newspaper. Good Luck!
Melanie Atkinson is a Realtor? with Coldwell Banker Residential Real Estate in Tampa, FL.

A: Have you actually approached your listing agent with your concerns? First do that. 2nd.?There is a misnomer among sellers re: open houses?.. While on occasion a buyer will come into an open house and make a successful bid, open houses are for the listing agents to gain new clients and leads. Granted there are some areas and price range of homes where open houses may generate more traffic and thus increase possible buyers for a home but typically speaking open houses is a lead generation for listing agent. 3rd -If speaking directly to the listing agent does not work, speak to the agents broker 4th- You may need to contact an attorney if the above does not work and have the attorney review the contract you signed.
Terry Osburn is a Realtor? with Windermere Bay Area Properties in Walnut Creek, CA.

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Related posts:

  1. Can I Get Another Realtor Before 6 Months Contract With This Realtor Is Expired?
  2. What If My Realtor Wants Out Of Our Contract And I Don?t Want To Release Him?
  3. Can I Sell My House Privately If We Signed A Contract With A Realtor?
  4. Can I Terminate A Contract For Lack Of Action?
  5. Can I Fire My Realtor For Not Doing An Open House?

Source: http://www.realtor.com/blogs/2012/08/30/what-are-the-repercussions-of-firing-my-realtor/

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