Orea Suspension Of Listing Agreement

Depending on the specific terms of your listing contract, the broker is usually not required to exempt you from your list before the initially agreed expiration date. On the other hand, if the broker agrees to terminate your listung agreement, you will be exempt from your contract. If you decide to put your home back on the market during the period covered by the contract, you will remain subject to the terms of your initial offer. Another possibility is for your real estate professional to agree to the conditional termination of your contract. Conditional terminations usually require the seller to agree in writing that they are not offering their property for sale to another real estate agent until the end of their initial agreement. But what if you want to end your agreement prematurely and your real estate professional disagrees? If the offer is suspended, the brokerage will stop marketing your home. However, the original contractual conditions remain in force. This means that you are still bound by the original agreement and cannot, for example, re-elect your home to another broker for the rest of the contract. . . .

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