Hi, You need to read your agreement carefully. The last thing you want to do is breech the contract and be responsible to pay a comission to agent #1. You should have received a copy upon signing the agreement. Most agents won't even entertain working with you unless there is clarity on the terms of your existing contract.

Sincerely,

Christopher Pagli
Associate Broker
Legends Realty Group
914.406.9023

Redhed123,
Good question. You are smart to look for details before just assuming it's okay to move on. Without knowing the laws in your city/state and without reviewing your buyer/broker, it's difficult to accurately answer this question. Also, if someone on this site does answer it, be careful that you verify before moving on. Chances are, if your agreement is like the one my state uses, you should be okay to move on with agent #2 as long as you close after July 2. But, check the fine print. If you purchase a property that you first found and looked at with agent #1, then chances are there is an additional time frame built in to extend the agreement on those properties that agent #1 has "procuring cause." I would advise you to contact agent #1's broker to ask the question. Be assured that it will probably get back to the agent that you are asking these questions. Be prepared to explain to them in a rational matter how you are feeling and why. Maybe they will be willing to let you out of the agreement early if you tell them that there is just no way you will be purchasing a home through them. Be honest, be professional and be dilligent. I hope this helps. Best of luck!