If you cancel the agreement, then turn around and sell the home to a buyer who viewed the home while it was under contract with your agent, you may very well find your agent coming to you for his/ her commision.
If you are unhappy with your agent, perhaps you can inform them what they have done to upset you. They may not have a clue you are angry with them.
If the issue cannot be resolved, then perhaps parting ways is best, but please give yoru agent a chance. :)
Best Of Luck to You!!
Kawain Payne, Realtor
agreement and what the consequences are....
If you want to sell your home to an individual and you want to get out of the listing agreement to save
the commission READ THE AGREEMENT CAREFULLY as there will be for sure a protection clause
in the agreement, i.e. there will be a time during which you cannot sell the home etc. etc.
There could also be a clause that you do owe a certain amount of marketing fees to the brokerage, just depends on the brokerage and your details in the listing agreement.
If you are not sure, contact an attorney to advise you.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
Covering for @Properties the city of Chicago, all N and NW suburbs,
the fine homes on theNorth Shore, and many of the W and SW suburbs,
and with her trusted Partner Agents all of the US and worldwide properties.
Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093
EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com
Check out my website at htttp://www.tinyurl.com/MeetEdithHere
HAVE THE MOST WONDERFUL DAY :)
You might be able to cancel the contract, however there "may" likely a clause in the contract stating that you will need give a certain amount of notice. If your property is sold during this "waiting period", you owe the full commission to the broker that represented you. This is to prevent a seller from finding a buyer on their own, or as a result of the marketing the agent did for you.....then trying to cancel the agreement, sell the house "on the side" the next day, and cut the agent out of the deal altogether and thus avoid paying any commission.
I will simply state - "finding" you a buyer is only a small part of the value that a real estate agent brings to the transaction.....and leave it at that. Good luck!
But............check your listing agreement for the "protection period". The broker should send you a list of names whose attention was called during the listing period. If you agree to sell the property during the protection period to one of those individuals, you will have to pay the broker upon the closing of the sale. Ouch! So check your docs so you will be prepared. After all, It is YOUR house :)
You can re-list your home as soon as you have it cancelled in the MLS.
Any other questions please feel free to call me directly at 630.637.9009