Not addressed yet, but if you are talking about a listing agreement or a buyer representation agreement. A listing agreement should have a cancellation clause with any exit fee penalties explicitly described and a notification provision. You might have to give 30 days notice and pay an exit fee. If you are in a buyer agreement, then you can get out easier typically with fewer hurdles. Sometimes after you hire an agent they act and respond differently than they promised. That is called client estrangement. If you just don't like the way you were handled or angry about a specific instance you have grounds for estrangement. Not legal advice! Read what you signed, if you really want out talk to the managing broker directly if the agent is guilting you into staying with him. Understand that the office holds the listing in Illinois, unless an agent is a self sponsored small outfit. Managing broker more interested in keeping business in the office and reassigning to another agent in same office. If you didn't like the brokerage service-advertising, the way they handled appointments etc. you are within your rights to call other agents and get their marketing plans and CMA. If you find a better org and agent, follow the contract terms regarding notification and exit fees.
If you like my answer, thumbs up and best answer me, helps me to maintain my VIP2 status. I dont have a dog in this, and not to interfere with your agent, but you have right to change agents or office. Best of luck!
Paul Cionczyk| Coldwell Banker Residential Brokerage |Broker
312-433-9931 | PaulCionczyk.Broker@gmail.com |PaulCionczyk.com
Hope you were able to get things resolved.
In Texas it is illegal and unethical for any other Realtor to give advice when a Principle (buyer or seller) is under contract with another Realtor.
TURTLE CREEK REALTY
John Walin offered some excellent advice.
Here's the bottom line, the Realtor is licensed and has a license to lose as well as a reputation that is at risk. If you're unhappy and ready to make sure that the Illinois real estate commission as well as everyone you know is aware of how upset you are with your Realtor and tell them this, if they have half a brain they'll terminate and be glad to see you go.
Realtors- this is not an uncommon complaint in our industry and while there's two sides to every story and not every client is reasonable, more often than not the problem is with how we deliver on our promises. If you're good at what you do there's no reason to trap anyone into working with you, keep your buyer broker agreements short (mine are typically two weeks) you and the client can always renew them It's up to us to earn their confidence. With Listing Agreements offer an "Easy-Exit" guarantee that you sign when you're signing the listing agreement. If for any reason your Seller becomes dissatisfied, have them notify you in writing and give you 72 hours to resolve their issues, if you don't make them happy let them go and learn from your mistakes.
The most important thing is to make sure that you get a document that is signed by you and the managing broker cancelling your agreement. Otherwise you may still have some obligation to the brokerage firm. Also, check your agreement. There may be a fee for cancelling your agreement.
Unfortunately, the agreements are binding. It does ask for location (cities or areas). You could change your search area. I know that's not a great option.
Alternately, you could go to the managing broker and explain your dilemma. They would rather place you with another Realtor by agreement and keep the sale than have you sit out the contract period and buy next year with some other firm.
Best of luck.
Ashur 'Osh' Nissan
Weichert, Realtors - Lakeshore Partners
Your best bet is to try to work out any issues by talking to your agent. If that does not work ask to be released from your contract. If the agent won't release you, contact the agents Managing Broker of the office and let the broker know your situation and ask if he/she can assist in getting you released from your contract.
All the best,