With this said, one would have to question how they came up with the $1,000 assessment associated with this. Advertising and other associated expenses are high but it's not unreasonable to expect documentation on which they base their claim.
In the event you feel you are not being treated fairly or ethically, you may want to consider being in touch with the local board of realtors to explain your situation. They should be able to advise you of your rights.
Also, it is prudent of you to request proof of the $10,000 advertising bill. If there's solid proof and you still want to break the agreement (and assuming you and the agent are allowed), then you are technically in breach of the terms you signed for.
And here's another thought - would you still be charged for marketing efforts if the house does not sell AND you reach the end of the listing agreement? If not, then just sit back, do your research, and when the time comes jump on a more agreeable agent!
Ultimately, what were your expectations for exposure? Did you and the current agent discuss this and get on the same page? Do you have a marketing plan in writing you can hold the agent accountable to?
cost. I do not know if you the owner list your property with someone else at the same time. I recommend speaking to real estate lawyer.
You can call me if you like to list your property with me.
I hope I help you. Thank you hoping to hear from you
Read over your contract carefully to understand the terms and conditions. If you really want out of the contract go in and approach the broker directly and ask for a full release with no terms and conditions attached. The broker has the option to say yes or no because I assume you have a signed contract but it doesn't hurt to ask.
Going forward, you now know to do your due diligence when hiring an agent/broker and to look into the advertising they place as well as to get references on their past performance.
Agents and Brokers alike WANT to sell your property. It doesn't benefit them in any way to have your property sit on the market.
Hope you find this helpful.
If you have any further questions, feel free to contact me directly at 917-364-1070
Coldwell Banker Mid Plaza